New Bookmarks
Year 2001 Quarter 3:  July 1-September 30 Additions to Bob Jensen's Bookmarks
Bob Jensen at Trinity University

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For the July 1-September 30, 2001 Additions and Summaries scroll down this document 
For the other editions in the archives go to http://www.trinity.edu/rjensen/bookurl.htm

For the full set of Bob Jensen's Bookmarks go to http://www.Trinity.edu/rjensen/bookbob.htm
    (The full set is never up to date with the latest additions to my New Bookmarks.)

Click here to go to Bob Jensen's home page http://www.trinity.edu/rjensen/

Choose a Date for Additions to the Bookmarks File

September 21, 2001      September 14, 2001         September 7, 2001

August 24, 2001            August 10, 2001              August 03, 2001      

July 27, 2001                July 20, 2001                   July 13, 2001   

 

Scroll down this page to view this week's new bookmarks. 

For earlier editions of New Bookmarks, go to http://www.trinity.edu/rjensen/bookurl.htm 

 Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
This search engine may get you some hits from other professors at Trinity University included with Bob Jensen's documents, but this may be to your benefit.

Whenever a commercial product or service is mentioned anywhere in Bob Jensen's website, there is no advertising fee or other remuneration to Bob Jensen.  This website is intended to be a public service.  I am grateful to Trinity University for serving up my ramblings.


September 21, 2001


Quotes of the Week

America is not like a blanket--one piece of unbroken cloth, the same color, the same texture, the same size. America is more like a quilt--many patches, many pieces, many colors, many sizes, all woven and held together by a common thread.

Henry M. Jackson


No one ever told me that grief felt so like fear.  I am not afraid, but the sensation is like being afraid.  The same fluttering in the stomach, the same restlessness, the yawning.  I keep on swallowing.

At other times it feels like being mildly drunk, or concussed.  There is a sort of invisible blanket between the world and me.  I find it hard to take in what anyone says.  Or perhaps, hard to want to take it in.

C.S. Lewis, A Grief Observed
As quoted in the Parker Chapel Sunday Bulletin on September 16, 2001


With Thy blessing, we shall prevail over the unholy forces of our enemy. Help us to conquer the apostles of greed and racial arrogances. Lead us to the saving of our country, and with our sister nations into a world unity that will spell a sure peace -- a peace invulnerable to the schemings of unworthy men. And a peace that will let all of men live in freedom, reaping the just rewards of their honest toil.

Thy will be done, Almighty God.

President Roosevelt's D-Day Prayer (June 6, 1944) --- http://www.historyplace.com/speeches/fdr-prayer.htm 
You can also listen to this prayer as broadcast to the world by radio if you have audio playback on your computer.


O beautiful for heroes proved 
in liberating strife,
who more than self their country loved,
and mercy more than life!
America! America!
God mend thine every flaw,
confirm thy soul in self-control,
thy liberty in law.


Verse Two of O Beautiful for Spacious Skies
Words: Katherine Lee Bates (1859-1929), Music: Materna
From the closing hymn that my wife and I simultaneously choked upon in Parker Chapel,  September 16, 2001

If you have audio on your computer, PLEASE, PLEASE click here --- http://www.doubtlessdesigns.net/ 




Bob Jensen has some thoughts for the future at http://www.trinity.edu/rjensen/JusticeAppeal.htm 

Included are my short essays on presidential leadership and prayer.

Included is a very frightening interview with terrorist expert Stephen Sloan on "What Future War Looks Like"

Included is a very frightening message from Tamim Ansary about what Bin Laden really wants --- it might surprise you  and make you change the way you think about alternatives for the U.S. and its allies.

For the above documents, go to http://www.trinity.edu/rjensen/JusticeAppeal.htm 


A Free Book
Year 2000 Financial Reporting Developments:  Financial Reporting and Accounting, Financial Executives International, 2001 --- http://www.fei.org/teleconf/materials/2000_year_end_frd.pdf 

This is a nice summary of new standards and rulings.  Much of the information that is free in this book must be purchased from other sources.


DESCRIPTION OF THE PROPOSED PROJECT 

This potential FASB project on disclosure about intangibles would focus on improving information about intangible assets that are seen by many as increasingly important to business success but are not currently recognized as assets in financial statements. Intangible assets are generally recognized only if acquired, either separately or as part of a business combination. Intangible assets that are generated internally, and some acquired assets that are written off immediately after being acquired, are not reflected in financial statements, and little quantitative or qualitative information about them is reported in the notes to the financial statements. The principal goals of the project would be to make new information available to investors and creditors and to improve the quality of information currently being provided—information vital to well-reasoned investment and credit resource allocation decisions. A secondary goal of the project would be to take a first step in what might become an evolution toward recognition in an entity’s financial statements of internally generated intangible assets. The balance of this Proposal discusses the problem to be addressed, the scope of the project, the issues that would have to be resolved, how practice might change, and the FASB agenda criteria. It concludes with a request for comments and several questions for constituents.

Bob Jensen's threads on intangibles can be found at http://www.trinity.edu/rjensen/theory.htm 


Wow Learning Site of the Week --- http://www.wharton.upenn.edu/learning/ 
The Alfred West Jr. Learning Lab Revolutionizing Learning in the Global Information Age

The Alfred P. West Jr. Learning Lab is Wharton's development center and experimental laboratory to explore new approaches to learning. The Learning Lab develops technology-enhanced educational materials to explore new paradigms for learning and instruction.

The products developed by the Learning Lab engage students in real-world exercises that challenge them to apply principles they've learned across multiple disciplines.

The Learning Lab draws on the creative expertise of faculty leaders and industry professionals to experiment with new methods of learning throughout the School's degree and non-degree programs. The Learning Lab Advisory Board brings together a distinguished group of industry leaders to help shape the goals and mission of this project.


Army University Access Online --- http://www.adec.edu/earmyu/earmyu.html 
This five-year $453 million initiative was completed by the consulting division of PriceWaterhouseCoopers (PwC).  Twenty-four colleges are delivering training and education courses online through the U.S. Army's e-learning portal.  There are programs for varying levels of accomplishment, including specialty certificates, associates degrees, bachelor's degrees, and masters degrees.  All courses are free to soldiers.  By 2003, there is planned capacity is for 80,000 online students.  The PwC Program Director is Jill Kidwell --- http://www.adec.edu/earmyu/kidwell.html 

PwC e-Learning Network Fact Sheet --- http://www.adec.edu/user/current/2000/factsheet.html 

The PwC e-Learning Network includes best-in-class providers of online education programs, educational services, technology components and services, and project management that will help to ensure the Army’s success in delivering distance education programs to soldiers. Our network members are not only market-leaders in their respective industries, they are also experienced at working together to deliver integrated solutions to customers. Key members of our Network include PricewaterhouseCoopers; Online Degree Program Providers; the Council on Academic Management; Learning Technology Providers; and Infrastructure Support. Each of these is described below.

PricewaterhouseCoopers, LLP (PwC): Leading the team and serving as the single point of contact and integration contractor will be PwC. To eArmyU, PwC brings what we believe to be unequaled experience in managing large, global, and complex programs; acknowledged expertise in technology development and implementation; unequaled experience designing and implementing leading e-business and e-learning initiatives; the leading higher education/e-learning strategy practice in the industry; and extensive success performing in the military environment—the exact combination of capabilities eArmyU demands.

Online Degree Program Providers: PwC’s 29 higher education partners have delivered more than 3,000 online courses to more than 250,000 students. Each of our higher education partners is described in the table below. In addition to these institutions, PwC will be adding additional online degree program providers to the PwC e-Learning Network, such as the University of Massachusetts.

Council on Academic Management: This Council is comprised of leaders from the higher education community including historically black colleges and universities (HBCUs), Hispanic-serving institutions (HSIs), and Tribal colleges and universities (TCUs) . The Council will assist in establishing the framework— standards, policies, and quality assurance procedures—for selecting and managing higher education partners, thereby ensuring that leaders from the higher education industry play a prominent role in the Army University Access Online initiative. Members of this CAM include the Michigan Virtual University, the Southern Regional Education Board (SREB), EDUCAUSE, America Distance Education Consortium (ADEC), the Hispanic Association of Colleges and Universities (HACU), Western Interstate Commission for Higher Education (WICHE), American Indian Higher Education Consortium (AIHEC), and University of Wisconsin Academic ADL Co-Lab, among others.

Learning Technology Providers: The PwC e-Learning Network includes Blackboard and Saba, two of the leading providers of online tools, learning platforms, and learning management systems. With unmatched market penetration and demonstrated ability to work effectively in an integrated environment, Blackboard and Saba provide an exceedingly stable platform from which to deliver AUAO programs. Combined with PeopleSoft, the PwC e-Learning Network will provide a solution that provides a comprehensive, integrated technical solution for AUAO.

Infrastructure Support: The PwC e-Learning Network will provide soldier-students with best-in-class hardware and software solutions.

PwC e-Learning Network: eArmyU Participating Schools Descriptions 
http://www.adec.edu/user/current/2000/factsheet.html
  

 

Name of School

Description

Anne Arundel Community College

Anne Arundel Community College is a comprehensive community center of higher learning. The vision of Anne Arundel is to be among the first in the nation to meet the call for higher expectations, to rethink the way we educate our students -- to respond to the challenges of a global economy and make our students among the best prepared citizens and workers of the world.

Baker College

Baker College is the largest private college system in Michigan, and is accredited by the North Central Association of Colleges and Schools. The Baker College system, which serves over 17,000 students on 11 campuses and six satellite locations, grants certificates, associate's, bachelor's, and master's degrees in business, health and human service, and technical fields. It also boasts one of the largest on-line enrollments in the country.

Central Texas College

Central Texas College provides quality instructional programs that will prepare students to fully participate in educational, occupational, economic, and social opportunities. Central Texas College has provided off-campus programs and services for more than 30 years and offered distance learning courses for more than 25 years. CTC programs are accredited by the Southern Association of Colleges and Schools and approved by the Texas Higher Education Coordinating Board.

Charter Oak State College

Charter Oak State College was established in 1973 by the Connecticut Legislature to provide an alternative way for adults to earn a college degree. More than 5,500 men and women hold Charter Oak associate and bachelor’s degrees.

Cochise College

Cochise College was established in 1961 as the second community college in Arizona. The development of college programs and services has included the Center for Professional Development, Small Business Development Center, Career Services Center, Conferences and Elderhostel Program, Prison Education Programs, Adult Education, Binational Education Programs and Fort Huachuca Military Education Programs.

Embry-Riddle Aeronautical University

Embry-Riddle Aeronautical University is an independent, non-sectarian, non-profit, coeducational university with a history dating back to the early days of aviation. The University serves culturally diverse students pursuing careers in aviation and aerospace.

SUNY Learning Network &

Empire State College

Since 1971, SUNY Empire State College has been an international leader in providing innovative, adult-focused programs at the associate, bachelor's and master's degree levels throughout the State of New York, and beyond. The College was the first public nontraditional higher education institution to receive regional accreditation by the Middle States Association of Colleges and Schools, and among the first of its kind accredited in the United States.

Fayetteville Technical Community College

Located in Fayetteville, NC, FTCC it is one of 59 institutions in the North Carolina Community College System. The purpose of Fayetteville Technical Community College is to provide low-cost vocational-technical, general education, college transfer, and continuing education programs which meet the needs and desires of its students and community.

Florida State University

Florida State University is a public and coeducational institution. It is a senior member of the ten state universities that compose the State University System of Florida. The main campus of the University is located in Tallahassee, the state's capital. The student body is 75 percent undergraduate, 19 percent graduate students, and 6 percent unclassified. FSU has sixteen major academic divisions.

Franklin University

For nearly 100 years, Franklin University has been the largest educator of nontraditional students in central Ohio, providing services and programs for students who work full time and may be older than those on traditional campuses. Franklin University has been nationally recognized for its service to students.

Indiana University

Indiana University brings educational opportunity into communities across the state and to citizens from around the world. With over 92,000 students, study-abroad opportunities, research partnerships on five continents, and with 445,000 alumni worldwide, IU is both a great public university and an internationally ranked institution of higher learning.

Kansas State University

Kansas State University is a comprehensive, research, land-grant institution first serving students and the people of Kansas, and also the nation and the world. Since its founding in 1863, the University has evolved into a modern institution of higher education, committed to quality programs, and responsive to a rapidly changing world and the aspirations of an increasingly diverse society.

Lansing Community College

Lansing Community College serves nearly 40,000 students yearly. LCC offers nearly 150 degree and certificate programs and nearly 2500 different courses. The LCC Virtual College allows students to complete their coursework without time and place restrictions.

North Carolina Agricultural and Technical State University

North Carolina Agricultural and Technical State University is a public, comprehensive, land­grant university committed to fulfilling its fundamental purposes through exemplary undergraduate and graduate instruction, scholarly and creative research, and effective public service. The university, part of the University of North Carolina System, offers programs at the baccalaureate, master’s and doctoral levels with emphasis on engineering, science, technology, literature and other academic areas.

Northern Virginia Community College

Northern Virginia Community College (NVCC) is one of 23 two-year colleges that make up the Virginia Community College System (VCCS). The VCCS was established in 1966 with a mission which complements the missions of the secondary schools and the senior colleges and universities in the Commonwealth of Virginia. NVCC offers a wide range of programs meeting standards for transfer to baccalaureate degree programs in four-year colleges and universities.

Northwest Missouri State University

Northwest Missouri State University is a state-assisted, four-year regional university. Founded in 1905, Northwest Missouri State has a recognized tradition of quality education.

NOVA Southeastern University

Nova Southeastern University is the largest independent university in Florida with more than 18,000 students, and 2,426 full-time administration, faculty, and staff members.

Penn State University’s World Campus

Penn State University’s World Campus Program was launched in 1998. The World Campus is a University–wide, technology–based delivery initiative that is extending some of Penn State’s signature academic programs, for which there is an identified market need nationally or internationally, to learners around the world. It brings together the expertise of renowned faculty members, learner support services, and resources such as library access, orientation, registration and records, advising, logistics, assessment, career services, and informal learning and social opportunities structured to meet the needs of today’s busy adult learner.

Regents College

Regents College, "America's First Virtual University," is the oldest college in the United States devoted exclusively to the needs of adult learners. With no residency requirement, Regents offers a flexible and affordable way for adults to maintain family, work, and community obligations while earning a college degree without leaving home. Regents College is a founding sponsor of the Commission for a Nation of Lifelong Learners, a unique and unprecedented partnership of business, labor, education, government, and philanthropy.

Rio Salado College

From its inception almost 20 years ago, Rio Salado has been a pioneer in distance learning and accelerated delivery options. Rio is committed to providing high-quality college credit and non-credit classes in the latest, most convenient formats. Rio Salado College is part of the Maricopa County Community College District.

Saint Joseph’s College of Maine

St. Joseph’s College of Maine is a private, Catholic, primarily residential, coeducational liberal arts college founded in 1912 by the Sisters of Mercy. SJCME offers challenging academic programs in the liberal arts and sciences, education, nursing, and business.

Saint Leo University

Saint Leo University is a world class university that offers top-notch academic programs and the resources of a large university in a small, student-centered environment. As the oldest Catholic institution of higher education in Florida, founded in 1889, the Benedictine values of Excellence, Community, Respect, Personal Development, Responsible Stewardship and Integrity are the cornerstones of academic and student life at Saint Leo University. A private, liberal arts college, Saint Leo University was ranked by U.S. News and World Reports as one of the top 10 southern liberal arts schools in the United States who provide students with small classes.

Thomas Edison State College

Thomas Edison State College was established by the State of New Jersey and chartered by the New Jersey Board of Higher Education in 1972. The College was founded for the purpose of providing diverse and alternative methods of achieving a collegiate education of the highest quality for mature adults.

Troy State University

Troy State University has provided higher education opportunities for adult students for more than one hundred years, and has been closely associated with Department of Defense agencies since 1961. The Troy State University Main Campus opened its doors in Troy, Alabama in 1887. Over the next 85 years, TSU created sites at Dothan, Maxwell AFB, and Europe. In 1979, the Troy State University Florida Region was created as part of the ‘University College’. Over the past several years, TSU has expanded its delivery of educational excellence to include new Distance Learning options and which have already made TSU a forerunner in Distance Education among the military.

University of Alabama

The University of Alabama, the state’s oldest public university, is the senior comprehensive doctoral-level institution in Alabama. Established by constitutional provision, with subsequent statutory mandates and authorizations, the University advances the intellectual and social condition of all the people of the state through quality programs of research, instruction, and service.

University of the Incarnate Word

University of the Incarnate Word is one of the many outgrowths of the original mission that brought the Sisters of Charity of the Incarnate Word to San Antonio in 1869. University of the Incarnate Word is a Charter Member of the Hispanic Association of Colleges and Universities and qualifies as an Hispanic-serving institution (HSI) under federal guidelines.

University of Texas at Arlington

The University of Texas at Arlington is a 100-year-old, comprehensive research, teaching and public service institution located in the heart of the dynamic Dallas-Fort Worth Metroplex. It is the second largest component of the world renowned University of Texas System and the sixth largest university in Texas.

University of Washington

Founded in November 1861, the University of Washington is one of the oldest state-supported institutions of higher education on the Pacific coast. The University is comprised of three campuses: the Seattle campus is made up of 16 schools and colleges whose faculty offer educational opportunities to students ranging from first year undergraduates through doctoral level candidates; the Bothell and Tacoma campuses, each developing a distinctive identity and undergoing rapid growth, offer diverse programs to upper division undergraduates and to graduate students.

Utah State University

Utah State University is a four-year, state university founded in 1888. More than 20,000 students are enrolled on campus or at education centers throughout the state. Typically, some 80 countries and every state in the nation are represented in the student body. With 45 departments in 8 academic colleges as well as an extensive School of Graduate Studies, USU offers excellent opportunities in a wide range of subjects. Colleges include Agriculture, Business, Education, Engineering, Family Life, Humanities, Arts and Social Sciences, Natural Resources, and Science. USU has an active distance education component with over 450 distance-learning students receiving degrees in 1995.

 


The U.S. Internal Revenue Service offers Internet education opportunities. IRS employees who want to get ahead in the organization are heading back to the classroom - 21st century style. College level courses in accounting, finance, tax law, and other business subjects will be available on the Internet to IRS employees. http://www.accountingweb.com/item/46816/101 

For example, the IRS online accounting classes will be served up from Florida State University and Florida Community College at Jacksonville --- http://www.washingtonpost.com/wp-dyn/articles/A60881-2001May7.html 


"Online MBA programs grow in popularity," by Jerry LaMartina, Kansas City Star Online, July 15, 2001 --- http://www.kcstar.com/item/pages/moneywise.pat,business/37749b46.714,.html 

In or out of the Kansas City area, you can earn an MBA in your pajamas if you want.

Online coursework, also known as "distance learning," is growing more common at many colleges and universities. Some offer a few courses online, but others offer entire degree programs with the computer as the classroom.

Richard St. Clair, regional academic director for Webster University in Kansas City, said the school was in its first year of offering online MBA coursework.

Webster offers its entire degree program online, St. Clair said. The curriculum reflects a typical MBA program with some additional electives.

About 14 students in the Kansas City area are getting their degree online. Between 250 and 300 students worldwide do online coursework at Webster, with 80 percent to 90 percent of those doing the entire degree online, he said.

"I'm teaching an organizational development course online, and I know the students better than I would in a traditional classroom," St. Clair said. "I have students from all over the world working on team-based activities for the class. Now that's a rich experience for the students."

Students in online programs tend to communicate more with each other and with the instructor, St. Clair said. Some people might think online coursework is sterile and isolating, but the human touch -- albeit virtual -- can be highly developed.

Webster administers exams online, too. If anomalies surface in students' work, he will call them to talk about it. Otherwise, the school relies on students' integrity to ensure that they are actually the ones taking the tests, St. Clair said.

Tuition for Webster's online coursework costs 10 percent to 15 percent more than for standard courses, while the online student's computer must have Windows 95 or 98 and at least a 120 mHz processor, a 28.8k modem and 32mb of RAM, he said.

Another area school, Keller Graduate School of Management, has been offering its entire MBA online for two years and partial coursework even longer, said Mike Haverty, regional manager.

Tuition at the Kansas City school costs about 35 percent more for online courses than for traditional ones, Haverty said. Students must go to a school center or an other location that is proctored to take exams.

David Overbye, director of curriculum for Keller, agreed that the social and intellectual interaction among students and instructors was greater with online courses. Students communicate in online forums or "threaded discussions." Online students have more time to think and prepare researched, substantiated opinions than do students in traditional classrooms, Overbye said.

Randy Womack of Prairie Village finished his MBA with Keller in April. Womack owns a home-based business called Firehouse Window Cleaning and has a bachelor's degree in electronics from the DeVry Institute of Technology.

He completed about a quarter of his coursework online and said it provided a good change of pace from traditional class settings.

"Online you ended up with a lot more reference materials," he said. "In class I'm not too shy about speaking up," but for the shy student online classes help ease anxiety, he said. He also communicated more with his online instructors than with those for traditional classes.

"I think it lends itself to flexibility," Womack said. "The deeper you want to dig, you can."

Erik Gordon, director of MBA programs at the University of Florida's Warrington College of Business, said the school had offered an entire MBA online for two years. About 40 students have participated each year, Gordon said.

Students must go to campus once at the end of each term for exams. They also meet fellow students, their professors and the next term's professors, who give introductory lectures on their classes. Regardless of where they live, the school requires this on-campus meeting. Prospective students should weigh the cost before they decide to start the program, Gordon said.

Tuition for Warrington's online MBA costs three times as much as its standard MBA program, as does the school's weekend executive MBA program. Gordon acknowledged the greater cost but said students tended to view an MBA as an investment in their futures.

"We've done it for two years now. We've found that students figure out how to jell as a team, and their feedback to us is that they think they've had a great team experience," even better than the experience of students in traditional settings, he said.

The downside of the online approach is the hard work, time and money needed to develop strong courses, Gordon said. The school has its own team of technology developers that creates courses with customized features to make communication among students and instructors as effective as possible, and it is expensive.

"Students don't want classes in which instructors simply post lectures on the Web," he said. Students must have the ability to collaborate while doing their coursework, because MBA curricula -- and the work world -- are so dependent on teamwork, he said.

Not all area MBA programs have an online component.

Wendy Acker, MBA director at Avila College, said Avila offered online courses in some undergraduate programs but not for its MBA students.

"We have certainly discussed the possibility," Acker said. "But I couldn't visualize us offering our entire degree program online. We're a fairly small, liberal arts college." Avila does not have the resources to serve that niche, she said.

John Suter, administrator of Park University's MBA program, said Park also did not offer online courses for its MBA students -- for now.

"I imagine to stay competitive we're going to have to," he said.

Nicolas Koudou, director of Park's MBA program, agreed. The university intends to create online courses in the program, although the cost of doing it could be prohibitive. In the meantime, he recognizes the value of the traditional classroom setting.

"In the classroom, my students tell me that businesses need interaction of the traditional sort," he said.

Bob Jensen's related documents on this topic can be found at http://www.trinity.edu/rjensen/000aaa/0000start.htm 
In particular, go to http://www.trinity.edu/rjensen/crossborder.htm 


From Syllabus News on September 18, 2001

Internet Enables Collaboration of Ohio Schools

The Internet will be one of the key tools enabling three Ohio colleges and universities to form a partnership to broaden their educational offerings to local students. The University of Akron, Cuyahoga Communication College District and the Cuyahoga Valley Career Center last week unveiled a partnership to coordinate courses at times and locations that are more convenient to eligible students, as well as agreements on sharing facilities and transfering credits. "The new partnership provides area students with accessible, affordable quality education at their convenience, both in terms of time and location, including courses via the Internet," said Dr. Jerry Sue Thornton, Cuyahoga Community College president. "Today's lifestyles demand this flexibility." For more information, visit http://www.uakron.edu  .


Choices are Not So Great for Many Women
More women are going online to seek an education. But technology isn't freeing modern women already working two shifts -- it's adding a third shift in the home, according to a new report --- http://www.wired.com/news/school/0,1383,46689,00.html 

While more women such as Olmstead are going online to take courses, for many of them it means juggling a full-time job and family or homemaking responsibilities with a heavy course load, which is for some equivalent to a "third shift," according to a recent report by the American Association of University Women (AAUW).

"In this respect, technology hasn't freed more of women's time, (it has) only created a third shift in the home," said Cheris Kramarae, the author of the report and an AAUW Educational Foundation scholar-in-residence.

The notion of a third shift isn't new. But the online distance education boom has changed the dynamics.

"Even before distance learning, there was a third shift for women in education," Olmstead said. "Online education gives it another dimension. It makes it more personal. It allows women more flexibility to make a third shift any time of day or night they need it."

Researchers surveyed 500 men and women through online and in-person interviews. The majority of those surveyed were over 25 years of age and female.

The third shift isn't unique to women, but it's "more predominant," Olmstead said.

"Women are simply on the cutting edge of a problem that will increasingly confront all workers, regardless of sex or of their responsibilities in the home," agreed Pamela Haag, director of research for the AAUW's Education Foundation.

Women face a great deal of conflict trying to schedule learning time around their family responsibilities, a tension that men experience to a lesser degree since they are less likely to be the main caregivers, Haag said.

Online learning eliminates many obstacles to education for both men and women; by cutting childcare and commuting costs, allowing more flexibility to fit in courses, and letting students spend more time at home.

Many older women who were surveyed said they feel more comfortable in the virtual classroom than in traditional on-campus classes, where programs are often geared toward younger students.

But online education also introduces new challenges, such as hidden costs to wire computers and a lack of face-to-face interaction with faculty and other students.

 

Other Wired Links

MIT Cheered From a Distance
April 5, 2001

The Quest for E-Knowledge
Feb. 5, 2001

E-Learning Is Good; Now What?
Dec. 20, 2000

Publishers Yearn to E-Learn
Sep. 18, 2000

Online Schools Mean Business
Aug. 18, 2000

Online Learning's Long Curve
June 12, 2000

A Top-Drawer Education Online
Feb. 11, 2000

Setting Their Site on Education
Feb. 11, 2000

See also: 
Women Face 'Third Shift' Online

Distance Learning Yet to Hit Home
E-Learning Is Good; Now What?
Online Schools Mean Business
It's time to go Back to School
Move on up with Women in Tech

Bob Jensen's related documents on this topic can be found at http://www.trinity.edu/rjensen/000aaa/0000start.htm 
In particular, go to http://www.trinity.edu/rjensen/crossborder.htm 


Student loan announcements in the aftermath of September 11 --- http://www.salliemae.com/ 


The topic of many conversations among our students these days is the economy. Many of our Seniors are wondering about the job market and their place in it. While the National Association of Colleges and Employers (NACE) has reported an expected 19.7% decline in overall hiring this year, there is good news as well. “Overall, 30% of employers responding to the NACE survey plan to cut back on their college hiring for the 2001-02 college hiring year, while 30.1% plan to increase their college hiring, and 39.9% expect to maintain their college hiring at the same level as last year.” For more detailed information, check out the full article at http://www.naceweb.org/press/display.cfm/2001/pr082701.htm  At Career Services, we are assisting students and developing our recruiting program here on campus. In fact, the on-campus recruiting season begins October 9th and concludes November 16th.

While the schedule is subject to change, currently we have 16 employers scheduled to come to campus to meet our students. Many more employers are contacting our office regularly to post job opportunities for our students. For Seniors graduating in May, it is vital they start their job search now. Those graduating in December should be actively searching now as well.

Students interested in participating in on-campus recruiting should:

1. Get connected to eRecruiting, our web-based recruiting and job listing management tool by coming by or e-mailing Career Services CareerServices@Trinity.edu .

2. Complete their profile and upload their resume and cover letter in the eRecruiting system. (Complete instructions are given at the time of registration.)

3. View the “Calendar” in eRecruiting and watch for companies coming offering opportunities they are interested in pursuing.

4. Apply on-line using eRecruiting and their resume and cover letter will be bundled and sent electronically to the employer. (Deadlines are two weeks before the scheduled on-campus interview date.)

5. Students selected for an interview will be contacted directly by the employer and allowed to sign up for an on-campus recruiting time.

We invite you to look at the eRecruiting system. If you are interested, please contact me for a user name and password that will allow you access to the system.

Lastly, while many of our students will participate in on-campus recruiting, others are considering graduate school as well as employment opportunities not supported by on-campus recruiting. I would welcome the opportunity to assist them as they move forward with their plans.

We would appreciate your assistance in notifying students about these opportunities or referring your students to our office.

Thank you for your commitment to our students.

Becky Spurlock
Director, Career Services
Trinity University
715 Stadium Drive
San Antonio, Texas 78212
210-999-8321 office
     210/999-7493 fax


Accountants:  Making a career switch or moving to a new location? Check out the AccountingWEB CareerZONE where employers can post jobs, and resumes can be shared. This global employment resource has something for everyone. http://accountingweb.careerbank.com/ 


I thank Dan Gode for calling my attention to the following article.
"Two years ago, learning portals popped up across the Internet’s landscape. Today, many are buried in the dot-com rubble. What happened?" by Kim Kiser, Online Learning --- http://www.onlinelearningmag.com/new/sept01/cover.htm 

By the spring of 2001, learning portals had started to implode like so many of the dot-coms that came before them. Among the casualties were Headlight.com, which initially provided learning to small and medium-sized businesses; Acadio, which targeted professionals; EduPoint.com, which started out serving consumers, then switched to corporate clients; TrainSeek.com, which also targeted corporations; and consumer sites HungryMinds.com (bought by IDG Books, which adopted the name) and FreeEdu.com, to name a few.

What went wrong? For one thing, consumers weren’t as starved for knowledge as the founders of these companies had hoped. “The idea of ‘If you build it, they will come’ hasn’t quite been the case,” says Dave Egan, one of the founders of Billerica, Mass.-based TrainingNet, now Thinq. “As individuals, we’re not likely to go to Thinq.com or HungryMinds.com on a Saturday morning and find learning — especially if we know full well that we could go back to work on Monday and have that course paid for by the corporation.” Egan adds that less than one percent of his company’s revenues came from consumers.

Corporations were wary of the portal model, too. Michael Lodato, vice president of market development for DigitalThink in San Francisco, which provided content to several portal companies, remembers going on sales calls with TrainingNet in the early days. “We would walk in, and the client would say, ‘TrainingNet, why do you have to be in the picture? What value do you bring to the table?’ All I could see in the first iteration of portals were massive libraries with very little advice on what you should do with them,” he recalls.

And because many portal companies failed to help buyers make intelligent choices about which courses best met their needs, they failed to create demand for the content — and brought little revenue to the organizations supplying it. “If you [as the content vendor] have 300 courses inside a portal with 60,000 choices, how often are you going to generate revenue in that environment?” Lodato asks.

Companies like DigitalThink also found it took more work than they expected to offer courses through a portal. “It costs money to get your stuff over to these people. Then you have to have alliance managers working with them and accounting people watching over it,” Lodato says. DigitalThink, which initially signed on with about 50 portal companies, got “nothing of any significance” from most of the relationships, he says.

Tom Brown, vice president of sales for the Americas for NETg, a Naperville, Ill., company that sells IT-related courses, saw similar results. NETg currently has courses listed on several portals, including Thinq’s, KnowledgePlanet’s and Click2learn’s. “The revenues we got out of the portals in 2000 was minimal,” Brown says. “Out of all the portals combined, it was in the low six figures.”

Investors also soured on the idea, as they watched Internet companies of all kinds failing to live up to their expectations. By the spring of 2000, TrainSeek.com and Headlight.com were among the portal companies looking for additional funding to carry them forward until they became profitable. “In the summer of 2000, you couldn’t do second-round financing for a dot-com, even if it was in the training and education space,” says Lloyd Singer, CEO of LearnCom, a suburban Chicago firm that has been buying up training video and other content companies. At press time, LearnCom was trying to purchase TrainSeek’s Web site and customer base.

Not all companies that boasted about their portals two years ago have fallen on hard times. Some have lived through the shakeout — and now downplay the fact that they were ever associated with the portal model.

For the most part, those that survived — and, in some cases, thrived — did so by changing their business models or distinguishing themselves early on. TrainingNet (now Thinq) emerged as an early leader after aggressively pursuing relationships with content providers and assembling what may be the largest online listing of courses, books, audio tapes and videotapes. (Today, their catalog, which isn’t easy for the casual Web site visitor to find, has upward of 500,000 products, including more than 4,000 online courses.)

In addition to selling courses to individuals and building learning portals for other corporations, Thinq acquired a learning management system and businesses that specialized in marketing, technology and consulting in the United States and United Kingdom. “The whole idea of marrying content, management structure, technology and services seems to be the magic elixir corporate clients are looking for,” says Egan.

Investors seem to agree. This spring, Thinq received $20 million in fourth-round financing from CIBC Capital Partners and Mellon Ventures, bringing the two-year-old company’s total financing to $66 million.

Click2learn, which dropped the dot-com from its name and no longer has a link to its course catalog on its Web site, also differentiated itself in several ways. Before launching its portal, the company was well-known for its course authoring software. It also had a learning management system — a feature few portal companies could offer in 1999. Says consultant Hall: “They were one of the first to have a portal, but their other businesses were able to sustain that model.”

Kevin Oakes, president and CEO of the Bellevue, Wash., company, admits that corporate customers haven’t bought large volumes of off-the-shelf courses from the portal the way he originally hoped. However, he explains, one reason Click2learn, which works with some 50 content companies and has nearly 10,000 offerings in its catalog, has had some success with its portal business was because they could create both hosted and behind-the-firewall learning sites for corporations.

“The difference between our model vs. Headlight or TrainSeek is that our whole business wasn’t built on the ASP (application service provider) content aggregation model,” he explains.

Learn2.com is another company that’s hanging on after changing its name and business model several times. Originally known as 7th Level, the company first targeted consumers, then corporations, government agencies and small businesses with everything from courses on Access 2000 to free tutorials on how to hang wallpaper. They also sell courses on CD-ROM and video through retailers such as CompUSA.

Learn2.com, whose stock was dropped from the NASDAQ in early August because of its low price, recently signed a merger agreement with E-Stamp Corp., a dot-com that has foundered in its attempts to sell postage online and later supply chain management software. If approved by shareholders later this year, the merger will give Learn2.com an infusion of cash to repay its debt and, its owners hope, stimulate growth. But analysts aren’t optimistic about the company’s future. “The cash will take them through a few more quarters,” says Weggen. “But they have too many lines of business and are in too many markets.”

Weggen and others believe the tectonic movements that caused the shake-up in the portal market haven’t ended, and that the lessons from last century’s learning portals will become the bedrock for learning systems of the future.

“Bringing together courses from multiple publishers is only part of the game in terms of what it takes to serve the corporate market,” says Scott Mellen, co-founder of the defunct Headlight.com. “That’s only part of the challenge training managers deal with when confronted with trying to provide skills for their employees. They want the whole suite of functionality that’s important to business. And I think a lot of things that happened with learning portals are helping build this ultimate thing.”

For the rest of the article, go to http://www.onlinelearningmag.com/new/sept01/cover.htm 

Bob Jensen's "dark side" threads are at http://www.trinity.edu/rjensen/000aaa/theworry.htm 


Wow Classroom Innovation of the Week
"A Hassle-free and Inexpensive Way to 'Videotape' Class Lectures," by Rene Leo E. Ordonez, EDUCAUSE Review, September/October 2001, pp. 14-15 --- http://www.educause.edu/pub/er/erm.html 

Overcoming the Video-Production Dilemma

There is a way to overcome these difficulties without investing too much money in equipment and without relying on professional video personnel. Digitizing lectures can be done using screen-capture software called Camtasia. This software is a screen camcorder (Camtasia Recorder) and a video-production tool (Camtasia Producer) rolled into one. Camtasia Recorder acts like a video camera, capturing everything that is on the computer monitor, including mouse movements and clicks, plus it records audio using a microphone. Originally marketed for use by computer-training experts for commercial purposes (e.g., developing professional-looking video instructions and video-based trouble-shooting, enhancing paper-based and online documentation, and documenting the use of custom or commercial software applications), Camtasia Recorder can be used in combination with a digital pen and tablet as a classroom technology. Instructors can use it to record lectures, complete with notes and narration.

Camtasia Producer is a nonlinear editor that can produce standard Audio Video Interleave (AVI) files or streaming formats. When used together, the recorder and the producer create crisp, sharp, exact images of screen activity. The quality of the digitized screen images is far superior to that of the video image projected by regular video-produced tapes. This excellent video-image quality is a result of a unique video codec (compressor/decompressor) used by Camtasia.


A Firsthand Experience

The experimental hybrid class was a success from a delivery standpoint. In a comparison of the midterm scores of the students in the hybrid class with the scores of the students in another section taught in the traditional method, the students in the hybrid class performed just as well as the students in the traditional class. This suggests that the students in the hybrid class were not disadvantaged by not being physically in class for the lectures, the digitized lectures apparently provided a comparable substitute. Further, this hybrid class format seems to work well for the distance learning population or the nontraditional students who cannot make every in-person lecture.

The students in the hybrid class relied heavily on the digitized lectures to keep up with the class material. They felt that having the digitized lectures not only allowed them to be "in" the class but also helped them get through the class successfully. Surprisingly, a number of students expressed preference for the digitized lectures over the regular lectures. One student commented: "The digitized lectures were invaluable, particularly since we covered so much material in a single class session. It was enormously helpful to be able to replay lecture material and visually see the material you were presenting at the same time. Personally, I would have been lost without the aid of the AVI files." Another student loved the flexibility provided by the digitized lectures: "It gave me the freedom to study, take the quizzes and tests on my schedule...the CDs were a godsend, without them I would have been lost." An unintended, and unexpected, positive result from the use of the digitized lectures was the higher-than-normal end-of-term student evaluations I received from the class--my highest in thirteen years of teaching the course! I could surmise only that the digitized lectures contributed significantly to my more favorable student evaluations in the hybrid class.

The results from the experimental and innovative approach to creating and packaging class lectures are being reviewed in considering possible expansion to other core courses in the business degree program of the School of Business. In fact, due to the success of the hybrid, digitized-lecture course, a grant to develop complete hybrid curricula for business statistics and operations management classes (both are core courses in the business degree program) was awarded. The refined hybrid courses will feature the digitized lectures as the primary means of delivering class material, which will be made available mainly on the Web via Blackboard. These courses will be offered in the Business Degree Completion Program starting in the winter 2002 term.


The Digitizing Process

Digital recording of lectures can be done either within the confines and comfort of an office or within a live environment, during a classroom lecture. Classrooms that are equipped with LCD projectors are ideal for live recording. The raw digitized lectures can then be cut, spliced, and fused using the audio/video editing software bundled in Camtasia. The final digitized lectures can be burned onto a CD-ROM for mass distribution or can be stored in a file server for Internet or Intranet anytime access. The final product can be produced in various formats, playable using popular media players such as Windows Media Player and Real Player. Digitized lectures saved as AVIs result in the best-quality screen-capture images and audio out-puts. The downside is that they hog storage space. A one-hour lecture can easily eat up as much as 50 MB of disk space. If file size is a concern, as it will be if the files are intended for Web access, they can be produced using formats such as Microsoft Advanced Streaming Format (ASF), Microsoft Windows Media Video (WMV), or RealNetworks RealMedia (RM). A digitized lecture file produced in any of these formats can occupy as little as 5 percent of the space required for the same file produced in AVI format.

For the remainder of the article, go to http://www.educause.edu/pub/er/erm.html 

The Camtasia Website is at http://www.techsmith.com/ 

Bob Jensen's threads on capturing video from computer screens are at http://www.trinity.edu/~rjensen/245glosf.htm#Video1 


Wow Technical Innovation of the Week
"Better Networks: Look to Nature," by Katie Hafner, The New York Times, September 13, 2001 --- http://www.nyt.com/2001/09/13/technology/circuits/13ANTS.html 

Indeed, applying the study of ants to complex engineering problems is something of an intellectual trend. The topic drew attention at a recent international conference on artificial intelligence in Seattle. It has been discussed in a variety of scientific journals. And a new book by Steven Johnson, "Emergence: The Connected Lives of Ants, Brains, Cities and Software" (Scribner), points to ant behavior as a way to further, among other things, understanding of the World Wide Web.

What makes ants worth studying, if not emulating? For one thing, they exhibit something called swarm intelligence. That is, the teamwork of social insects is decentralized. Individually, an ant's actions are primitive, but collectively, they result in efficient solutions to complex problems like finding the shortest route between the nest and a food source.

The key to ants' efficiency is their ability to lay down trails in their communal travels with a chemical called pheromone. Over time, those trails result in a system of routing. The lesson, in short, is follow the pheromone.

So to build better data networks, researchers are creating what might be viewed as artificial ants: small pieces of software that travel through a network depositing artificial pheromone (pronounced FARE-uh-moan) as they seek optimal routes.

"By bending the rules of behavior, you can increase the performance of the system while keeping the spirit of what the ants do," said Vincent Darley, an ant-behavior specialist and research scientist in the London office of BiosGroup, a company based in Santa Fe, N.M., that develops science-based software, routing and marketing strategies for corporations.

Bending the rules can involve giving the ants a memory and enabling them to retrace a particularly good route so that they can mark it with extra pheromone — something that real ants do not do.

"Throw a bunch of virtual ants into the cities and each tries to build a route," said Éric Bonabeau, a physicist and network engineer who has studied ants and data networks and is the chairman and chief scientist of Icosystem, a consulting company in Cambridge, Mass.

Marco Dorigo, a professor of computer science at the Free University of Brussels, has borrowed the ant approach to solve a classic puzzle in mathematics called the traveling salesman problem. The challenge is to find the shortest route connecting many different cities — a priority not only for sales forces but also for systems delivering people, parcels or packets of Internet data.

As the number of cities involved increases, the difficulty of the problem can increase exponentially. Just a dozen cities present billions of possibilities. Apply ant behavior to the traveling salesman problem, however, and solutions start to present themselves.

In Dr. Dorigo's model, the pheromone deposited along the longer routes evaporates, leaving the links to the greatest number of short routes most densely covered with the chemical. When the artificial ants go out again, they rely on tables storing information about the amount of pheromone on each link.

Dr. Dorigo has found that repeated trips result in progressively shorter overall trips. Such work is directly applicable to data networks, especially the Internet, where traffic is highly unpredictable. Because the artificial ants in such a model are constantly exploring different routes, a host of alternatives surface whenever a particular route goes out of commission.

For the rest of the article, go to http://www.nyt.com/2001/09/13/technology/circuits/13ANTS.html 


The Internet was criticized for buckling under user demand and failing to provide help and information following Tuesday's terrorist attacks. On the contrary, it sparkled. It was merely a matter of knowing where to look --- http://www.wired.com/news/culture/0,1284,46766,00.html 


Wireless video just got a lot easier with the XCam2, a video camera that can transmit LIVE COLOR video up to 100 feet. The XCam2 integrates a color analog video camera and 2.4-GHz transmitter into a single device that is smaller than a golf ball. You can add multiple cameras and scan between the cameras like changing channels on your TV! Exceptional quality and ultimate control for$79.99 --- http://www.x10.com/home/offer.cgi?!LND9,../yahoo_vcrcommandhtml_30.htm 
For reviews, see http://www.x10.com/products2/vk45a_press.htm 

Camera Benefits & Uses

Product Features

Related Accessories


More on Wireless Video
"Ultrafast wireless technology set to lift off," CNN.com, August 30, 2001 --- http://www.cnn.com/2001/TECH/ptech/08/30/ultrafast.wireless.idg/index.html 


The Chaos Computer Club was set to celebrate its 20th anniversary this week when terrorism broke out. Members are pleading with patriotic hackers not carry out vengeful cyberattacks --- http://www.wired.com/news/culture/0,1284,46868,00.html 

Security experts expect a tidal wave of hacker activity once the U.S. military retaliates for last week's terrorism, although cyberattacks weren't launched right after the disaster --- http://www.interactiveweek.com/article/0,3658,s%253D1825%2526a%253D14547,00.asp 

Ziff Davis Coverage of Terrorist Attacks

Diesel Generators Still Powering Lower Manhattan Telecom

Update: Microsoft's Flight Simulator Reworked After Attacks

Sysadmins Bolster Cyberdefenses

Motherboard, Component Shipments Still Delayed By Air Ban

For the Tech Industry, It's Not Business as Usual

Terrorist Attack Plays Havoc With Communications

Carriers Race to Reconnect Stock Exchange

Disaster Recovery

Ban Crypto, Cripple Commerce

Tech Firms Aid Relief Efforts

Microsoft VP Details Relief Initiatives


Chain e-mails, stock buyback plans and potential trading halts are among the strategies employed to discourage panic selling as U.S. stock markets prepare to reopen Monday --- http://www.wired.com/news/business/0,1367,46874,00.html 

"Rally Around Economy, as Well as Flag," by Scott Norvell, Fox News, September 17, 2001 --- http://www.foxnews.com/story/0,2933,34378,00.html 
Thanks to Debbie Bowling for forwarding this link.

In a memo to employees earlier this week, Ellen Beswick, Editor and Publisher of Virginia-based Intelligence Press, Inc., raised the rallying cry. She beseeched her colleagues to take "the one extremely powerful action that any American can take right now to stem the losses and get us back on track." She told them to buy something. Anything. A stock. A television. A five-year supply of toothbrushes. Whatever.

We should all follow Beswick’s lead. The best signal we can send to those who would bring us to our knees is a Dow graphic on Monday poking through the top of the chart — not unlike a giant middle finger.

Hans Nordemann, president of Norquest Capital, said it best on Fox News Channel Friday morning. "We need to go forward and show what we're made of," he said. "We need to show them that they can wound us, but we’ll come back stronger, not weaker. That’s an enemy to be fearful of: an enemy that comes back stronger."

So instead of staying home this weekend, go out. Take someone to a movie. Go out to dinner. Buy your kid a new toy, or your lover a knick-knack. If you can’t get out, buy something online. Send flowers to your mother. Order that book you’ve been meaning to buy.

And when the market opens Monday at 9:30 a.m., plop a couple buy orders on the table at Schwab or Morgan-Stanley. It doesn’t have to be much. Buy 10 shares of EMC or, better yet, 20 shares of Espeed, a spin-off of Cantor Fitzgerald, the financial firm that lost hundreds of its workers on Tuesday.

Each such act, no matter how seemingly minor, sends a message to those who would revel in our demise. It sends the message those who died this week — and are sure to die in the struggle now confronting us — did not, and will not, do so in vain. It sends the message that this country and its economy, a country of the people, by the people and for the people — to borrow one of our greatest phrases — shall never perish from the earth.


In a response to Tuesday's terrorist attacks, the Senate votes to unleash Carnivore on the Internet. FBI and other police will be able to do electronic wiretaps without court orders --- http://www.wired.com/news/politics/0,1283,46852,00.html 

After I forwarded the above information about Carnivore, John Howland sent the following reply in a personal message to me. I thought it would be of interest to many of you to tune into how complex communications are becoming. The U.S. is not dealing with an uneducated and ignorant enemy (although some of their would-be pilots and suicide dupes appear not to be the brightest bulbs in their armies of terrorists). I am referring here to an applicant to one of our flying schools who threw down a bunch of money and told the flying school admissions officer that he only wanted to learn how to fly the plane in the air. He had no interest in learning how to take off or land.

The really scary enemies are the ones who are smart enough to con their ignorant friends into suicide while they go on living and are also smart enough to get around Carnivore.

Reply for John Howland, Professor of Computer Science at Trinity University

Carnivore is ineffective on encrypted communications such as pgp, ssl, kerberos, etc., so civil liberties need not be attacked by same since such encryption is available (freely) to all computer users. When Bin Laden discovered that his satellite phones were being listened in on by US intelligence he moved to pgp encryption over the internet and on removable disk media which was physically transported.

Reply from George Wright [geo@LOYOLA.EDU

Bruce Schneier had some cogent commentary on such things: ----- Calls for increased security began immediately. Unfortunately, the quickest and easy way to satisfy those demands is by decreasing liberties. This is always short sighted; real security solutions exist that preserve the free society that we all hold dear, but they're harder to find and require reasoned debate. Strong police forces without Constitutional limitations might appeal to those wanting immediate safety, but the reality is the opposite. Laws that limit police power can increase security, by enforcing honesty, integrity, and fairness. It is our very liberties that make our society as safe as it is.

In times of crisis it's easy to disregard these liberties or, worse, to actively attack them and stigmatize those who support them. We've already seen government proposals for increased wiretapping capabilities and renewed rhetoric about encryption limitations. I fully expect more automatic surveillance of ordinary citizens, limits on information flow and digital-security technologies, and general xenophobia. I do not expect much debate about their actual effectiveness, or their effects on freedom and liberty. It's easier just to react. In 1996, TWA Flight 800 exploded and crashed in the Atlantic. Originally people thought it was a missile attack. The FBI demanded, and Congress passed, a law giving law enforcement greater abilities to expel aliens from the country. Eventually we learned the crash was caused by a mechanical malfunction, but the law still stands. ----- His full message is available at <http://www.counterpane.com> , including pointers to...

Senate Amendment 1562, adopted Thursday, will expand Federal wiretapping powers: 
<http://www.cdt.org/security/091101response.shtml/

Calls to ban encryption: 
<http://www.wired.com/news/politics/0,1283,46816,00.html>  
<http://www.msnbc.com/news/627390.asp

Re-emergence of Carnivore: 
<http://www.wired.com/news/politics/0,1283,46747,00.html>  <http://latimes.com/business/la-000073542sep12.story

Erosions of civil liberties are coming: 
<http://www.wired.com/news/politics/0,1283,46784,00.html

Other essays: 
<http://www.crypto.com/wtc.html>  
<http://groups.yahoo.com/group/wtcattack/message/93>  
<http://www.cdt.org/security/cdtstatement.shtml

Geo

Reply from Dennis Beresford, former Chairman of the Financial Accounting Standards Board

Bob,

The SEC has taken certain emergency action to help the markets deal with the crisis in New York. A copy of its press release is at: http://www.sec.gov/news/press/2001-91.txt 

One of the actions states that purchases of treasury stock won't violate pooling of interests accounting. That would only apply to transactions initiated before July 1, 2001, as the new FASB Statement prohibits pooling from that date on.

Another of the actions allows accounting firms to do bookkeeping work for companies whose records were destroyed in the World Trade Center area without that being a violation of the new independence rules.

It's interesting that even accounting and independence rules are affected by the national emergency.

Denny


The heightened focus on cutting-edge security technologies offers hope of a safer society but also raises questions about technological feasibility and the loss of personal freedoms. http://cgi.zdnet.com/slink?140366:2700840 

safe.millennium.berkeley.edu --- http://safe.millennium.berkeley.edu/ 

This site is a service for everyone who may have been near the terrorist attacks on September 11 and their family members and friends. Our thoughts and emotions are with you all, and we only hope that this can provide some measure of help in these difficult times. Thank you for your many messages of support.

This site now pulls data from the following other sources:

Friends and Family Status Database Greater New York Hospitals Association (changes merged every 30 min) Prodigy's "I'm Okay" Registry (changes merged every 30 min) NY.COM Survivor Registry Bill Shunn's Check-In Registry Cantor, Tradespark, eSpeed Emergency Info Center (changes merged every 30 min) Alumnae and Alumni of Vassar College (changes merged every 30 min) Please submit reports on anyone you have spoken to or heard from who may have been near the incidents. There may be many concerned relatives and friends looking for them.

Bob Jensen has some threads on terrorism at http://www.trinity.edu/rjensen/JusticeAppeal.htm 


Civil liberties watchdogs fear that Tuesday's attacks will result in Americans trading in freedoms for security measures that may not be all that effective anyway --- http://www.wired.com/news/politics/0,1283,46784,00.html 


When a radio conglomerate compiles a list of potentially offensive songs that stations might not want to play, civil liberties advocates and artists cry foul --- http://www.wired.com/news/culture/0,1284,46925,00.html 

See also:
A Thorn in Hollywood's Side


For Your Information 

A new virus has been discovered. W32/Nimda@MM is a mass-mailing worm, which spreads via open shares, Microsoft Web Folders and emails. The email attachment name seems to be limited to Readme.exe and uses the icon for an Internet Explorer HTML document. You can read about the virus at 
http://vil.nai.com/vil/virusSummary.asp?virus_k=99209#top

As always do not open any attachments through email unless you are expecting them. The Exchange Mail Server will not be effective in catching the virus because it is an executable file. So please exercise extreme caution. If you have any questions or problems regarding this please feel free to give us a call at 7409 or email us at helpdesk@trinity.edu . Thanks.

Trey Dunn Trinity 
University Information Technology Services User Services Support Tech I 
715 Stadium Dr. San Antonio, Tx. 78212 
phone : (210) 999-7498 email: Trey.Dunn@Trinity.edu  
http://www.Trinity.edu/jdunn
  Visit the ITS web site at
http://www.Trinity.edu/ITS 

 


Tax Cuts Won't Hurt the Surplus By R. Glenn Hubbard, chairman of the President's Council of Economic Advisers The Wall Street Journal, 08/22/01 Page A16

ARTICLE URL: http://interactive.wsj.com/archive/retrieve.cgi?id=SB99843889210000000.djm 

RELATED ARTICLE The Outlook By Greg Ip, The Wall Street Journal, 08/27/01 Page A1

ARTICLE URL: http://interactive.wsj.com/archive/retrieve.cgi?id=SB998858675658835975.djm 


Message from Lana Kadoshnikov [sk133@csufresno.edu

Dear Participants:

The 13th Asian-Pacific Conference program has been posted to our conference web site at www.craig.csufresno.edu/conasia . We would like to bring your attention to the following items:

Please check your name and title of your paper on the program. If you have any corrections, contact us by fax (559) 278-7336 or e-mail at ali_peyvandi@csufresno.edu  or benjamin_tai@csufresno.edu .

Please bring 25 copies of your paper for distribution at your session.

If you have not sent your hotel reservation forms, please do so as soon as possible. Please see our web site 
( www.craig.csufresno.edu/conasia  ) if you need a registration form.

Please ensure that you obtain a visa to enter Brazil. We suggest you apply for a tourist visa. Please refer to our web site for visa information and application form.

Please refer to our web site periodically for updated information.

We are looking forward to seeing you in Rio de Janeiro, Brazil.

P.S. If you do not attend the conference, please disregard this message. 

Thank you.

Ali Peyvandi Benjamin Tai Conference Co-Chairman Conference Co-Chairman


"The Joy of Text," The Economist print edition, September 13, 2001 --- http://www.economist.com/business/displayStory.cfm?Story_ID=780694 

What are the implications of text messaging for “third-generation” mobile phones?

BETTER late than never. After a five-month delay, the world’s first commercial “third-generation” (3G) mobile-phone service is to be launched on October 1st in Japan by NTT DoCoMo, the country’s main mobile operator. Elsewhere, 3G remains a distant dream. But mobile-phone users in many countries (although few in America) already use another data service, more primitive but hugely popular: text messaging. Hence a question for would-be 3G operators outside Japan: is “texting” the bridge to the future, or an alternative?

The lucky Japanese will now enjoy both versions of the future. Not only are they keen on texting. In addition, subscribers to DoCoMo’s new 3G service, which has been available to 4,500 trial users since May, will be able to gain access to the Internet at far higher speeds than they can with DoCoMo’s present technology, already the world’s most advanced mobile-Internet service.

The 3G handsets are as small and light as existing handsets, with the same vivid colour screens that are used to display e-mail messages, cartoon graphics and cut-down web pages. The most advanced model even allows users to make and receive video calls, using a tiny built-in camera. By next March, DoCoMo hopes to sign up 150,000 3G subscribers, most of whom are expected to be business customers.

Other mobile-phone operators, mainly in Europe, are burdened with debts incurred after they paid more than $100 billion for licences to operate 3G services, which will now launch many months behind schedule. Coverage may become available in some parts of Europe next year, but will not be widespread until 2003 at the earliest.

Even when 3G eventually arrives, it is not clear how operators will entice users to upgrade to it. The service they will offer will be far less versatile than DoCoMo’s. The performance of a 3G network depends on the density of its base stations. In Japan, density is relatively cheap to achieve. Not so in Europe, where cash-strapped operators are building sparse, “thin and crispy” networks. These will offer lower data-transmission rates than originally planned. So promises of video on 3G phones have been quietly dropped.

Murky though the prospects for fancy data services on 3G may be, mobile-phone users in Europe and Asia are already wildly enthusiastic (and profitable) users of a data service of a far more basic type. For there has been an extraordinary boom in text messaging, which allows users to send short, telegram-like messages of up to 160 characters from one mobile phone to another. The number of text messages sent each month has grown from a global 4 billion in December 1999 to 20 billion in December 2000, and it is expected to reach 40 billion by December 2001, according to figures compiled by Simon Buckingham of Mobile Streams, a consultancy based in Newbury, England.

U cd try 2 txt me Text messaging, known as Short Message Service (or SMS) in many parts of the world, is particularly popular in Europe (where 47% of Swedes and 39% of Italians use the service) and in Asia. In the Philippines, the use of text messaging as an organisational tool by protesters is even credited with helping to overthrow Joseph Estrada, the country’s then president, in January. But text messaging is almost non-existent in America, where it is used by only around 2% of the population, according to Gartner, a consultancy. One reason is that mobile phones are less popular in America than elsewhere; fewer than 40% of people have them, compared with more than 70% in parts of Europe. Besides, because PCs are cheap in America and local calls are free, Americans prefer “instant messaging”, a similar form of communication between Internet-connected PCs.

The success of text messaging is surprising given that it is fiddly to use a mobile handset as a keyboard—and that it costs an average of $0.10 to send a text message. But teenagers in particular have embraced “texting” largely because sending a message is cheaper, if more laborious, than making a voice call. The resulting torrent of messages has been an unexpected bonanza for operators. Text-message revenues now amount to over $3 billion a month, says Mr Buckingham, and they will exceed $5 billion a month by December 2002 (see chart). For some operators, text messages now account for more than 10% of revenue.

The rest of the article is at http://www.economist.com/business/displayStory.cfm?Story_ID=780694 


"Term Paper Mills, Anti-Plagiarism Tools, and Academic Integrity," by Marie Goark, EDUCAUSE Review, September/October 2001, pp. 40-48 --- http://www.educause.edu/pub/er/erm.html  

The amount of cheating appears to be increasing. For example, at medium-to-large universities, the percentage of students who said they collaborated on assignments even though it was not permitted increased from 11 percent in a 1963 survey to 49 percent in 1993. For thirty-one small-to-medium institutions, unpermitted collaboration increased from 30 percent to 38 percent between 1990 and 1995.  Footnote 7

Furthermore, the ease with which information can be copied from the Web and the emergence of term paper vendors or "mills" on the Internet are likely adding to the growing problem of plagiarism. For example, a neuro-biology professor at the University of California-Berkeley found that 45 of 320 students in his class had plagiarized at least part of their term paper from the Internet. Nearly 15 percent of his students plagiarized even after they had been warned that he would use anti-plagiarism technology.  Footnote 8

In a recent survey commissioned by Knowledge Ventures, an education technology company, more than 90 percent of academic administrators and faculty interviewed said that academic integrity is an issue on their campus. Most were unable to pinpoint the extent of the problem, the source of the problem, or whether specific departments or student groups were more at risk. In addition, of those who stated that academic integrity is an issue, 83 percent said that it has become more of an issue over the last three to five years, primarily due to the use of the Internet as a research tool. Compounding the effects of the Internet are difficulties in providing violations and a reluctance to report violators.  Footnote 9

 

Term Paper Mills

Term paper mills existed long before the Internet. Companies who sell term papers have advertised on campus and in magazines such as the Rolling Stone for several years (Footnote 10).  With the advent of Internet technology, though, the number of places where papers are available has grown and the ease with which papers can be obtained has increased. Some of these Web sites are operations set up by students while others are for-profit ventures.

At term paper mills, students can directly purchase pre-written papers. Some sites offer free services or make money through advertising. Others act as an exchange--a student must submit a paper to get a free paper. Most term paper mills charge a fee, ranging from about $5 to $10 per page. Students may pay an additional fee for immediate e-mail delivery (e.g., $15). Other sites will write a customized paper for a much higher fee.

In most states, it is illegal to sell papers that will be turned in as student work (Footnote 11).  Thus many for-profit sites post disclaimers saying that the information should be used only for research purposes and should not be submitted as a student's own work. The companies will bill a student's credit card using an unrecognizable company name.

Experts estimated that more than 70 term paper mills were in operation in early 1998, up from 28 at the beginning of 1997 (Footnote 12).   There is no current estimate of the number of sites, although some lists of Internet paper mills are maintained by academic groups (e.g., www.coastal.edu/library/mills2htm ). These sites attract secondary school students as well as college and university students. They are also not exclusive to the United States.

The growing number of term paper mill sites on the Web attest to their popularity among students.

AP Business wire reports that traffic to these sites exceeds 2.6 million hits per month.

Cheater.com has 72,000 members and is growing by a few hundred per day.

With 9,500 papers in its database, the Evil House of Cheat reports 4,000 visitors a day.

Schoolsucks.com, which claims 10,000 visits to its site per day, reports being profitable "from Day1."  Footnote 13

 

Institutional Attitudes toward Academic Dishonesty

Although academic dishonesty is believed to have increased in the last two decades, it is not clear that the number of infractions reported by professors has risen as well. In a survey of 800 faculty members who were asked why they ignored possible plagiarism violations, professors cited inadequate administrative support as a primary factor. Footnote 14

Research by Donald McCabe has indicated that there is an inverse correlation between the rate of plagiarism and the emphasis on academic integrity by institutions or instructors (Footnote 15).   Thus a growing number of institutions are addressing academic integrity through honor codes, pledges, and discussions of ethics. One political science professor at Oakton Community College, for example, gives his students a six-page letter spelling out his expectations of them, as well as his obligations to them. In the first page he asks: "Would you want to be operated on by a doctor who cheated his way through medical school? Or would you feel comfortable on a bridge designed by an engineer who cheated her way through engineering school? Would you trust your tax return to an accountant who copied his exam answers from his neighbor?"  Footnote 16

Once an instructor suspects plagiarism, it can be a laborious process proving that plagiarism has actually taken place. Instructors may need to comb through old papers and primary and secondary resources and compare the suspicious paper to these sources. Tracking down a student's sources and proving plagiarism can take days. Those who have used an automated plagiarism tool cite the streamlined process as one of the primary advantages of the tool. But most important, papers plagiarized from the Internet and identified by an anti-plagiarism tool often provide an open-and-shut case.

 

--------------------------------------------------------------------------------

NOTES:

1. Diana Jean Schemo, "U of Virginia Hit by Scandal over Cheating," New York Times, May 10, 2001.

2. "Cheating Is Up at Amherst College, Data Suggest," Chronicle of Higher Education, May 11, 2001, A11, http://chronicle.com/weekly/v47/i35/35a01103.htm  (accessed July 12, 2001).

3. "Cheating Thrives on Campus, As Officials Turn Their Heads," USA Today, May 21, 2001.

4. Donald L. McCabe, "Student Cheating in American High Schools," May 2001, www.academicintegrity.org/index.asp   (accessed July 12, 2001).

5. See http://www.academicintegrity.org/cai_research.asp  (accessed July 12, 2001).

6. See <http:www.sa.psu.edu/sara/pulse/academic.shtml> (accessed July 12, 2001).

7. See www.academicintegrity.org/cai_research.asp  (accessed July 12, 2001).

8. Verne G. Kopytoff, "Brilliant or Plagiarized? Colleges Use Sites to Expose Cheaters," New York Times, January 20, 2000.

9. This survey was conducted in February 2001 by PricewaterhouseCoopers on behalf of Knowledge Ventures.

10. Peter Applebome, "On the Internet, Terms Papers Are Hot Items" New York Times, June 8, 1997.

11. Ibid; see also Ronald B. Standler, "Plagiarism in Colleges in USA," www.rbs2.com/plag.htm#anchor333347    (accessed July 15, 2001).

12. John N Hickman, "Cybercheats: Term Paper Shoping Online," New Republic 218, no. 12 (March 23, 1998): 14, http://www.www2.bc.edu/~rappleb/Plagiarism.htm  (accessed July 23, 2001).

13. Kendra Mayfield, "Catching Digital Cheaters," Wired News, February 29, 2000, http://www.wired.com/news/print/0,1294,33021,00.html  (accessed July 12, 2001).

14. "Why Professors Don't Do More to Stop Students Who Cheat," Chronicle of Higher Education, January 22, 1999.

15. "New Research on Academic Integrity: The Success of 'Modified' Honor Codes," College Administration Publications, www.collegepubs.com/ref/SFX000515.shtml  (accessed July 12, 2001).

16. Bill Taylor, "Integrity--Academic and Political: A Letter to My Students" 
http://www.academicintegrity.org/pdf/Letter_To_My_Students.pdf     (accessed July 12, 2001).

For the remainder of the article, go to http://www.educause.edu/pub/er/erm.html 

Bob Jensen's threads on plagiarism are at http://www.trinity.edu/rjensen/plagiarism.htm 


From Syllabus News on September 18, 2001

University of Alabama at Birmingham to Secure Online Processes

The University of Alabama at Birmingham is running a pilot program to test the use of digital certificates to secure transactions involving its faculty, staff, and students from its six academic and six health related schools. The pilot, which will use TrustID digitial identity software from Digital Signature Trust Corp., will test applications including human resources, grants administration, and access control. The university was also picked to participate in a National Institutes of Health program to enable electronic signing of NIH grant applications using TrustID certificates. Clair Goldsmith, PhD, vice president for information technology at UAB, said building a public key infrastructure using digital certificates was a key strategy in the university's goal "to give everyone throughout our diverse and demanding population an appropriate vehicle to access all the information they need." For more information, visit http://www.trustDST.com  .


Bates College Relaunches Site with Collaborative Publishing System

Lewiston, Maine-based Bates College relaunched its web site < www.bates.edu > using a XML publishing system that lets diverse campus constituencies -- both technical and non-technical -- publish content while maintaining a common site look and feel. The software is Ingeniux Corp.'s XPower 2.0, a content management and publishing system for which the Bates web site is a "prototypical" higher education application, said the company. The software, which is available on Unix and Windows, will help the college "keep our our complex Web site both interesting and manageable, as well as potentially reduce costs,'' said Gene Wiemers, associate vice president for academic affairs at Bates College.

 


Why you should upgrade to Windows XP. http://cgi.zdnet.com/slink?137488:2700840 


The Sad State of Copyright Law
Scot Petersen: Lawyers are among those responsible for turning the Net into something diametrically opposed to the spirit in which it was created. http://cgi.zdnet.com/slink?138899:2700840 


More on Remote Control
NetOp Remote Control is an award-winning tool for fast, stable and secure remote support and network management. Control PCs over modems, networks or the Internet, just as if you were in front of them. Download a FREE fully functional evaluation copy today! http://cgi.zdnet.com/slink?138878:2700840

Also see the September 14 Wow Product of the Week --- http://www.trinity.edu/rjensen/book01q3.htm#RemoteControl 


The Internet has hit the road. Drivers can now access anything from custom traffic reports to spoken e-mail messages to video games. But is it safe?  
"Driving the Info Highway," by Steven Ashley, Scientific American --- http://www.scientificamerican.com/2001/1001issue/1001ashley.html 

The needle points to "E." The big rental van and its trailer have guzzled down yet another tank of gas. This time, however, it's late and nothing but a dark, lonesome highway stretches out ahead. Every several miles there's a turnoff to some small town, but the signs don't always say how far these burgs lie off your route or whether there are gas stations in them. You've just started hunting down the road map when you remember that the van comes equipped with a voice-activated telematics system, a two-way wireless communications unit connected to both the Internet and a Global Positioning System (GPS) locator. Punching a button on the dash, you say, "Gas." After a pause, a mechanized voice reads aloud a roster of nearby service stations, including the brand of gas, the distance to each station, even the price per gallon of unleaded regular. Although it's a bit farther away, you choose the third entry on the machine-verbalized "text-to-speech" list because you have that brand's credit card. The electronic voice responds with step-by-step driving directions to your next petroleum oasis.

Sooner or later this kind of scenario will become commonplace as more sophisticated automotive telematics technology heads out onto the road. Just as microprocessors colonized motor vehicles during the past decade, a similarly steady transition to telematics will occur as the necessary equipment is installed in new cars and trucks over the next few years, auto industry analysts say. A wireless transmitter and receiver, an antenna, elementary voice-recognition and text-to-speech capabilities, and typically a GPS unit are all that's needed on board to support what the industry calls the "thin-client" telematics service--the most fundamental set of mobile communications features. Although the basic service package is relatively simple and the changeover seems inevitable, the industry will soon have to address the complex potential safety and privacy issues that the technology raises.

Automotive telematics is based on the notion that today's motorists are demanding instant access to safety, navigation and convenience services, as well as entertainment programming, anytime, anywhere. Already being spoken about in the eager tones that financial analysts used to describe e-commerce half a dozen years ago, the nascent telematics technologies are expected to fundamentally change the way people interact with cars, where the average American driver spends nearly 10 percent of his or her waking day. "Motor vehicles deserve to be connected to the outside world," says Chet Huber, president of OnStar, the largest telematics service provider in the U.S. "Today we're beginning with services that offer safety, security and peace of mind. Ultimately we'll expand into a lot more interactive services."

VIRTUAL TEST DRIVING of onboard automotive telematics technology is one of the functions of the National Advanced Driving Simulator (above and above left), which the National Highway Traffic Safety Administration recently opened at the University of Iowa. NHTSA In-vehicle wireless safety and security services--such as emergency roadside assistance, automatic collision notification and remote door unlocking--are already becoming more familiar to the motoring public. These features are offered by Mercedes-Benz's TeleAid, BMW's Assist and Hertz's NeverLost, in addition to OnStar. Subscribers to premium telematics services are meanwhile starting to take advantage of more sophisticated features, such as verbal e-mail messages, digital music, and tailored traffic and weather updates, as well as on-demand news, sports and stock-market reports. And drivers of luxury cars have become accustomed to instrument panels outfitted with color LCD screens that display navigation maps or with other useful driver aids.

In the five years we've been operating, OnStar has delivered 10 million customer interactions," Huber says. "One out of four General Motors cars has OnStar--that's 5,000 new subscribers every day. And now many other car brands, including Acura, Audi, Honda, Lexus, Saab and Subaru, will offer OnStar services as well." Free for the first 12 months, basic service costs $199 a year, which Huber says is about what it costs annually to keep a cell phone in the car. "To remain competitive, every vehicle in the country will have to be able to deliver at least the basic telematics services," he predicts.

Looking ahead, engineers are working on ways to avoid built-in dashboard displays, which tend to become obsolete relatively quickly, with new technology that integrates a driver's personal digital assistant (PDA) into the vehicle system via a center-mounted docking cradle. The PDA would serve as the visual interface. It would even automatically transfer to the vehicle the motorist's personal information, such as fuel or restaurant brand preference, seat position settings, regular commuting routes and daily work schedule.

The rest of the article is at http://www.scientificamerican.com/2001/1001issue/1001ashley.html  


Scott Bonacker called my attention to this article
"The Guru's Guru:  A lively conversation with Peter Drucker, dean of the deep thinkers," by Erick Schonfeld, Business 2.0, October 2001 --- http://www.business2.com/articles/mag/0,1640,17005,FF.html 


From Syllabus News on September 11, 2001

100 Most Wired Colleges

The October issue of Yahoo Internet Life magazine includes the fifth annual 100 Most Wired Colleges list. The rankings are based on infrastructure, student services, Web portal, e-learning, tech support and wireless access. The top ten most wired colleges are: (1) Carnegie Mellon, (2) Stanford, (3) Georgia Institute of Technology, (4) Dartmouth, (5) MIT, (6) Drexel Institute, (7) Indiana University, Bloomington, (8) University of Delaware, (9) University of Virginia, and tied for (10) the New Jersey Institute of Technology and SUNY-Buffalo.


Convert Print to Spoken Words

The recently released Scan and Read family of software scans any printed material and converts it to spoken words, delivered in a variety of voices through the computer's speaker. The software also displays the text on the screen and highlights each word as it's read, a helpful feature for readers of all ages, those with learning disabilities, and non-English speakers looking for a way to increase their vocabularies. The more advanced members of the software family include word processing capability; the ability to access Microsoft Word files and convert them to spoken words; automatic image rotation, which allows software to convert text regardless of how it's positioned on the scanner bed; and the ability to create MP3 files, which can then be downloaded to other devices.

For more information, visit http://www.premier-programming.com

Bob Jensen's threads on text recognition are at http://www.trinity.edu/rjensen/245glosf.htm#Text3 


Online Presentation Resource

Presenters University is a free, online resource that provides easy-to-use information and tools for developing and delivering effective multimedia presentations. The award-winning Web site at http://www.presentersuniversity.com  offers presentation courses, instructional articles featuring technology tips and advice, online "Ask The Professor" discussion forums, and free, downloadable templates to create dynamic presentations. Designed for both novice and experienced presenters, Presenters University addresses all components for a successful presentation --content, delivery, and visuals. Launched in 1997, the site is sponsored by InFocus Corporation.


Scanner has Photographic Memory

Canon U.S.A., Inc. has begun shipping the Canon DR-5060F, its newest digital scanner with a built-in microfilm back-up system. The scanner can simultaneously record images to a PC and to obsolescence-proof microfilm, offering document management and a back-up system in one compact unit. The built-in, long-term archival recording enables image files to be accessible and readable years into the future, despite changes in storage technology.

For more information, visit the Canon U.S.A. Web Site at http://www.usa.canon.com .

 


I provide a link to an Excel spreadsheet that some of you may want to use in class after you substitute your students' pictures and modify the spreadsheet slightly for the configuration of your classroom. I use Excel's RAND function to randomly designate a student to be called upon in class. Then I click on that student's workstation number to have the student's picture flash in front of the entire class.

The first step in this process is to take a picture of each student. To keep the file relatively small for the entire class, I recommend that you do not use large, high resolution pictures. It is best to import relatively small picture images. In the spreadsheet itself, you can drag pictures so that they appear somewhat larger (up to a point where they begin to pixelate).

You might be able to check out a digital camera from your college's media services and have one of your students walk around the class snapping the pictures. Picture taking does not take long at all. I like a camera that stores pictures on a floppy disk inside the digital camera. Your computer will read this disk without any software installation. You can substitute the pictures in my spreadsheet with your pictures.

I use my spreadsheet to randomly call upon students in class. I click on the gray "Random Number" button and generate a random number. For example, suppose the random number is 36. I click on the number 36 where that student is seated. Up pops a picture, and the student pictured is then called upon to give an answer or otherwise respond in class.

You can change the random number function for the exact number of seats in a class.  If a seat is empty, simply generate another random number.

You can assign your own bookmarks with the Excel menu option (Insert, Name, Define) sequence. You can link to bookmarks with the Excel menu option (Insert, Hyperlink, Existing File, Bookmark) sequence. I place the bookmarks three rows beneath the picture.

I am also using this spreadsheet to help me to learn the students' names and faces early in the semester.

You might combine this with a Jeopardy-type game where the student that is called upon chooses a question category and a difficulty level category for real points.

To see the sample file for one of my classes, download http://www.cs.trinity.edu/~rjensen/random1302.xls 

Hope this is of use to some of you.

Bob Jensen

Reply from Barry Rice

Here's an alternative to Bob's Excel approach. This is my 10th year of using random pictures on the screen to call on students. When my colleague George Wright and I started, we used a video camera and captured a single frame for each student. We thought they would go yelling to the administration to complain about what we were doing but they didn't. I think we used the .bmp format. Anyway, as you can imagine, it was a pain in the butt to capture, convert, etc. and took hours at the start of each semester. George wrote a DOS program to display the pictures randomly.

For the past 4-5 years, we have been using a digital camera of course. It happens to be a Sony Mavica with floppy. We use 640 x 480 resolution. It takes less than ten minutes at the start of the semester to get the pictures which I have taken of all three of my classes (~75 sudents) uploaded to our network drive from my office. They are then readily available in all our classrooms. For about the same 4-5 years, we have been using CompuPic (not CompuPic Pro) from Photodex Corp. to display them randomly WITH REPLACEMENT. It's a great program and only costs $40 to download from http://www.photodex.com/ . I strongly recommend it! You can even download a free trial version. This approach is obviously not free, but the pictures have great resolution and absolutely no programming is required. You don't even have to generate random numbers. The software does all that automatically.

I have threatened for many years to record the students saying their names when I take their pictures in class. Then, it would be very easy to have them call on themselves (in stereo!) when their picture comes up on the screen. Some day when I have more time...

I use a seating chart but I don't associate the picture files with them. As you suggest, there is no need to. Therefore, pictures of students who are absent do get projected. Since I generally have excellent class attendance, that is a minor drawback of my approach. The response keypad questions during class which count as 15% of their course grade motivates them to come to class. My syllabus which explains about the keypads, etc. is at www.barryrice.com . Click on AC101 Home page.

Barry Rice 
www.barryrice.com     www.AccountingIsCool.com 

Reply from George Wright [geo@LOYOLA.EDU] 

Barry can speak for himself, but I grab a frame from a currently popular TV show and use it for a stand in for somebody absent on picture day. I used to get something from Beavis and Butthead (with Photoshop-added long hair if the absentee is female). Now South Park is a little more au courant. And the Simpsons characters are always good. Whenever I suggest to the absentee that I can borrow Barry's digital camera some other time and take a real picture, he or she always seems to prefer the stand-in!

Along the lines of this topic, I have a Java application, complete with Swing GUI, that displays student photos (gif or jpg) at random. Run-time options allow you to choose which class to display by choosing a separate directory, to sample photos with or without replacement, to display the photos at actual or expanded size, and to display the photo with or without a filename. (The filename can, of course, reflect the student's name, so you don't have to add a name to the photo itself.) If you want to try it, send email to geo@loyola.edu.

Geo


I suspect that the Coates Library will do a better job updating the San Antonio region's links, although you might check both sites whenever you are searching for local services.  My site is at http://www.trinity.edu/rjensen/sanantonio.htm 

The links to local government services that Dr. Jensen mentions have been added to, and will be maintained at, the Government Documents page of the Coates Library Website (  http://lib.trinity.edu  ) Point your mouse to "Services and Collections" and then click on "Government Documents."

-Michael

Michael J. Kaminski 
Assistant Librarian/Public Services 
Elizabeth Huth Coates Library 
Trinity University 715 Stadium Drive 
San Antonio, TX 78209 Ph: (210) 999-7087 fax: (210) 999-8182
 
michael.kaminski@trinity.edu
  
http://www.trinity.edu/mkaminsk
 

 


Barry Rice and Loyola College in Maryland have a neat site that is very helpful to students considering a career in accounting.  Go to http://pacioli.loyola.edu/ais-dept/accounting/ 

Barry's homepage is at http://www.barryrice.com/ 


Frauds and Scams

When you get a new suspect that sounds like fraud, you probably should investigate it and/or report it to http://www.consumer.gov/sentinel/ 

Links of possible interest in consumer fraud and consumer protection include the following:

http://www.consumerreports.org/main/home.jsp 

http://www.pueblo.gsa.gov/scamsdesc.htm 

http://www.consumer.gov/sentinel/ 

U. S. Consumer Gateway --- http://www.consumer.gov/ 

Dr. Toy's Guide on the Internet --- http://www.drtoy.com/ 

Consumer Product Safety Commission --- http://www.cpsc.gov/ 

ConsumerSearch --- http://www.consumersearch.com/www/    

Consumer World --- http://www.consumerworld.org/ 

Comparison Pricing --- http://www.smartshop.com /

Consumer Information Guides --- http://www.pueblo.gsa.gov/ 

 

Nigerian Frauds

Below are some websites devoted to this fraud. I hope these have not previously been posted:

U.S. Treasury warning:

http://www.ustreas.gov/usss/index.htm?alert419.htm&1 

A coalition against this fraud:

http://home.rica.net/alphae/419coal/ 

Putting "Nigerian oil fraud" or "Nigerian 419" into a search engine will provide additional links.

Dr. Frederic M. Stiner, Jr. 
CPA Department of Accounting & MIS 
University of Delaware office: (302) 831-1806 
Newark DE 19716 USA fax: (302) 831-4676


Message from Richard J. Campbell [campbell@RIO.EDU

Interwise is one of a number of webcasters such as www.webex.com , www.placeware.com , www.astound.com  , which make their money by selling virtual classroom seats.


Hours after airplanes smashed into the World Trade Center and the Pentagon, FBI agents reportedly began showing up at network providers asking to install the Carnivore surveillance tool --- http://www.wired.com/news/politics/0,1283,46747,00.html 


Perhaps one of the greatest gifts parents can give their children -- often far greater than outright gifts of money, say many Certified Financial Planner professionals -- is to teach them financial life skills --- http://www.smartpros.com/x30781.xml 
(But you must give them something else that's fun to unwrap now and then.)


The grim results of a recent Job Outlook 2002 survey conducted by the National Association of Colleges and Employers show employers anticipate hiring 19.7 percent fewer new employees this year over last year. Overall, survey respondents expect to decrease on- campus recruitment by visiting 12.6 fewer colleges than last year. http://www.accountingweb.com/item/57407 


The Canadian Institute of Chartered Accountants (CICA) realeased its September 2001 edition of CA Magazine.  This is the annual edition devoted to technology issues.  

Technology
Right on time
By Deryck Williams

Legal issues
A flawed proposal
By Mindy Paskell-Mede

Control
Loyal opposition
By Patricia Bradshaw & Peter Jackson

Taxation
When is a sale not a sale?
By Karen N. Wensley


People management
No train, no gain
By Carolyn Cohen

Business valuation
Enhancing value
By Stephen Cole & Andrew Harington

 Personal financial planning
Who's the financial planner?
By Bryce Medd & Craig Matthews

Education
Mortgaging the future?
By Mark R. Huson, Thomas W. Scott & Heather A. Wier


"Mortgaging the future? New research highlights the need for better ways to account for the dilution costs attached to convertible shares and stock options, by Mark R. Huson, Thomas W. Scott & Heather A. Wier, CA Magazine --- http://www.camagazine.com/cica/camagazine.nsf/e2001-sep/Education 

How chartered accountants measure earnings dilution 

The dilutive effect of executive stock options presents the most critical accounting problem because options dominate other dilutive securities by their sheer numbers. Our research, and that conducted by J. Core, W. Guay and S.P. Kothari (CGK), shows that more than 80% of shares reserved for conversion and exercise by US firms relate to stock options.3

Traditionally, accountants have incorporated future earnings dilution - the effect of outstanding options - by including dilutive shares in the denominator of the EPS calculation. Recently, Canadian, american and international standard-setters harmonized the EPS calculation. In 1997, the Financial Accounting Standards Board (FASB) issued SFAS 128, "Earnings per share," which mandated the replacement of primary EPS with an EPS range.4 This range is anchored at one end by the undiluted basic EPS, and at the other, more conservative extreme, with diluted EPS. The International Accounting Standards Committee (IASC) mandated an EPS calculation similar to that required by the FASB in 1998. Now, in the interests of international harmonization, the CICA's Accounting Standards Board (AcSB) has published a new Section 3500, "Earnings per share," in its Handbook.5

The new Canadian standard leaves the calculation of the undiluted basic EPS unchanged. The standard also does not alter how the dilutive effect of convertible securities is incorporated in EPS: dividends on preferred shares and after-tax interest on convertible bonds continue to be added to the numerator of basic EPS, with the number of shares issuable on conversion added to the denominator, in order to convert basic EPS to diluted EPS. The new standard changes Canadian GAAP by requiring the use of the treasury stock method (described in the following paragraph) of incorporating the dilutive effect of options in the EPS calculation.

The treasury stock method assumes that outstanding stock options with strike prices lower than the current market price are exercised, with the proceeds used to purchase as many shares as possible on the open market at the current market price. The higher the market price, the lower the hypothetical number of shares that the proceeds from exercise can purchase. The treasury stock method assumes that the difference between the number of shares that can be purchased using the proceeds from the exercise of the options and the number of shares needed to meet the requirements of option holders is obtained by issuing new shares. The hypothetically issued new shares are added to the denominator of the diluted EPS calculation. No adjustment is made to the numerator. The treasury stock me-thod reports greater dilution for options as the difference between the current market price of the firm's stock and the options' strike price increases - in other words, dilution increases with the size of the option holders' discount off-market price. A simple example of the treasury stock calculation is provided in the next section.

Do accounting measures of earnings dilution work? Consider the following example: Company A has $100,000 of income, 100,000 common shares outstanding, a market price per share of $10, and options outstanding that allow the holder to purchase 20,000 Company A shares at a strike price of $10 each. Since Company A's options have a strike price equal to their market price, they are not dilutive, and thus, Company A's diluted EPS is equal to its basic EPS at $1 per share (income of $100,000 divided by common shares outstanding of 100,000).

A year later, Company A continues to have income of $100,000; it also signs several large new contracts that will generate revenue in future years. When these contracts are announced, the market's anticipation of this future revenue pushes Company A's share price to $11. However, as the revenue is not yet earned, it is not yet incorporated in earnings. Basic EPS continues to be $1 per share. Diluted EPS, however, has fallen to $0.98, as calculated in the table on this page.

There's something troubling about this example. Company A's accounting performance and share structure are unchanged from year one to year two, and the market has received good news about future revenue in year two. Surely the change in Company A's value from year one to two is at worst neutral, and at best positive. Yet, EPS has decreased. What's causing this apparent anomaly? The answer is that firm value has increased with good news that has not yet been incorporated into earnings. The treasury stock method, which uses current market price as an input to the dilution calculation, has reduced EPS by increasing the denominator before the good news is captured in the numerator. This result occurs because accounting conservatism tends to delay recognition of favourable economic events, while information is quickly impounded in security prices.6 To the extent that some positive news is incorporated into price before it is incorporated into earnings, the treasury stock method creates a numerator/denominator mismatch - earnings per share is reduced, through increasing the denominator, with news that has not yet been booked in the numerator.

In our example, Company A's market price increased from $10 to $11 because of the good news about the new contracts that is not yet included in earnings. Share price goes up by $1 during the current accounting period, and future earnings will increase when the revenues from the new contracts are realized. However, the current period's earnings as measured by diluted EPS fall by $0.02. The treasury stock method results in changes in the dilution component of EPS that run opposite to news about firm value as captured in stock price. The increase in dilution indicates poorer earnings on a per share basis even though the economic news about the entity is favourable.

The example shows that using the treasury stock method can drive down diluted earnings per share when both expected future earnings and the firm's current stock price are rising. Tom Scott and Heather Wier show that the results of our example hold true for actual firms. The treasury stock method impairs, rather than enhances, our ability to predict future earnings. This year's EPS generally understates the next period's EPS when EPS contains a treasury stock adjustment. Moreover, Scott and Wier find that financial analysts make larger errors predicting the earnings of companies when a large portion of the earnings change is attributable to the dilution calculation and the treasury stock method. Additionally, the treasury stock method makes earnings' changes less relevant for explaining stock returns. In general, larger increases in earnings should be associated with larger positive stock returns, and vice versa. If this were not the case, accounting information would be of little use for investment decisions. Scott and Wier show that using the treasury stock method to dilute EPS leads to a weaker relationship between earnings changes and stock returns.

The rest of the article is at  http://www.camagazine.com/cica/camagazine.nsf/e2001-sep/Education 


The IRS is moving one step closer to its goal of electronic filing for the nation with its online tax payment center. Businesses and individuals can sign on, turn over their bank account number, and authorize the IRS to extract tax payments from their bank accounts. http://www.accountingweb.com/item/57148 


I am going to share one of the cases from The Wall Street Journal Accounting Educators Review (AER), September 13, 2001.    The AER is free to subscribers to the electronic version of the WSJ.  To receive AER editions, go to http://209.25.240.94/educators_reviews/preference.cfm 

TITLE: Regulators Won't Seek Microsoft Breakup REPORTER: John R. Wilke and Ted Bridis DATE: Sep 07, 2001 PAGE: A3,4 LINK: http://interactive.wsj.com/archive/retrieve.cgi?id=SB999785783515516575.djm TOPICS: Cost Accounting, Managerial Accounting

SUMMARY: Wilke and Bridis report on the decision of the U.S. Justice Department to seek alternate remedies to the Microsoft case that do not include dismemberment of the software giant. As well, they report on speculation that proposed remedies may not stand up to scrutiny under appeal.

QUESTIONS: 1.) Under the U.S. Robinson-Patman Act, the price discrimination laws state that: they apply to manufacturers, discrimination is permissible if differences in costs lead to differences in prices, and, finally, prices are predatory if they are intended to destroy competition. How did these conditions apply in this case?

2.) Two key features of predatory pricing practices, according to the U.S. Supreme Court, are: a company charges a price that is below a measure of its appropriate costs and the company has a reasonable prospect of recovering its initially un-recovered costs in the future. Was one or both of these conditions argued before Judge Jackson?

3.) In light of the fact most courts have defined the appropriate cost as the short-run marginal cost and the average cost, how do these precedents square with the recent statement by Bill Gates, speaking before a trade group, who said that the marginal cost of an additional unit of a product may be zero. How is that possible?

4.) Can the times explain some of the interpretation problems in the Justice Departments' case? Explain the fundamental differences between the manufacturers Congress had in mind when the Act was written and the company it was applied to in the Microsoft case.

Reviewed By: Judy Beckman, University of Rhode Island 
Reviewed By: Benson Wier, Virginia Commonwealth University 
Reviewed By: Kimberly Dunn, Florida Atlantic University


Prestigious business schools put on a competition to promote social ventures.
"The Biz of Biz School Is Social," by Katie Dean, Wired News, September 10, 2001

A business school competition that puts as much emphasis on social returns as financial returns is expanding.

Students at the Haas School of Business at the University of California at Berkeley organized the first National Social Venture Competition in 1999.

Now the school has formed partnerships with the Columbia Business School and the Goldman Sachs Foundation to broaden the competition -- hoping to increase public awareness of social issues and to encourage business students to use their talents for positive social change.

"The National Social Venture Competition reflects the growing commitment of business leaders and entrepreneurs to foster profitable activities that address major social challenges, such as protecting the environment, preventing disease and improving educational outcomes," Haas Dean Laura Tyson said in a statement.

The competition will be promoted in the San Francisco Bay Area and New York; it will officially launch Oct. 5 at a social venture symposium at Columbia Business School.

Up to $100,000 will be awarded to the winning teams.

See also:
A New Spin on 'Good' Business
Time to Get a Better Biz Plan
Newman's Own Philanthropy Plan
Berkeley MBAs Harvest Wave Energy


The downtown New York offices of Deloitte Touche Tohmatsu in the World Financial Center were destroyed on Wednesday as flames spread from the adjacent World Trade Center site. A spokeswoman for Deloitte said its offices were evacuated after Tuesday's attacks on the World Trade Center's twin towers. http://www.accountingweb.com/item/57786 


I was made aware of this free accounting software by Scott Bonacker [scottbonacker@MOCCPA.COM

This versatile accounting package is designed for the small business or home office. It is full-featured, easy to use, and completely free. It includes a general ledger, accounts receivable, accounts payable, and an invoicing and order-entry system. Reports can be exported directly to Microsoft Office and Corel WordPerfect.

Version 3.0 is loaded with new features and options including the ability to send client statements by e-mail, cash or accrual basis of accounting, improved data entry, extensive use of graphs, and much more.

http://hotfiles.zdnet.com/cgi-bin/texis/swlib/hotfiles/info.html?fcode=36023&b=adesk 


Stephen Hawking warns that machines could take over the world --- http://www.informationweek.com/story/IWK20010905S0004 

Nobody took Arnold Schwarzenegger seriously when he showed us the dangers of artificial intelligence in the "Terminator" movies. Likewise Keanu Reeves in "The Matrix"--you thought that was just a cool kung fu flick, didn't you? But now no less a respected source than Stephen Hawking is sounding a warning about humankind being overrun by computers. "In contrast with our intellect, computers double their performance every 18 months," warned the genius physicist in a recent interview with the German newsmagazine Focus. "So the danger is real that they could develop intelligence and take over the world." Hawking, the wheelchair-bound author of the best-selling book "A Brief History Of Time," serves as the Lucasian professor of mathematics at Cambridge University, a post once held by Isaac Newton.

But don't panic just yet--there's still hope for mankind. To prevent a "Terminator"-style standoff against the machines, Hawking advises us to improve our intelligence through genetic engineering, or perhaps by wiring ourselves to the computers directly. Said Hawking, "We must develop as quickly as possible technologies that make possible a direct connection between brain and computer, so that artificial brains contribute to human intelligence rather than opposing it."

Bob Jensen's threads on ubiquitous computing are at http://www.trinity.edu/rjensen/ubiquit.htm 




Good to hear from you Earl. At last I have your email address on file. You may be sorry about that.

The strange thing about your forwarded Nostradamus message is that Nostradamus wrote this in 1654 after dying on July 2, 1566. That is weird! Perhaps things are really predetermined in heaven, and he was sending us a message from above.

Bob Jensen

 

Chilling Thought!!!

EB

----- Original Message ----- 
From: Earl B.

In the year of the new century and nine months. From the sky will come a great King of Terror. The sky will burn at 45 degrees (NY is on the 45th parallel).  Fire approaches the great new city. In the City of God there  will  be great thunder. Two brothers (the towers) torn apart by Chaos. While the fortress (the Pentagon)  endures. The great leader will succumb. The third big war will begin when the city is burning." 
~Nostradamus (1654) 

Reply from [Donald_N_Carr@belvoir.army.mil

Thought everyone might like to know this appears to be so much classic internet hoax. Click on http://www.snopes.com/inboxer/hoaxes/predict.htm  and check it out. The first supposed prophecy below does have some elements from several different Nostradamus quatrains, but they're not one prophecy. The second "prophecy" below about "brothers" is completely made up. Such is life on the Internet ... "bogus" travels faster than truth!!


Hi Honey,

We've been given a wonderful opportunity to live in a country villa that was suddenly abandoned on the other side of the globe.  For you there will be good news and bad news.

Good News:  

Bad News: 

1- Complete ban on women's work outside the home, which also applies to female teachers, engineers and most professionals. Only a few female doctors and nurses are allowed to work in some hospitals.

2- Complete ban on women's activity outside the home unless accompanied by a mahram (close male relative such as a father, brother or husband).

3- Ban on women dealing with male shopkeepers.

4- Ban on women being treated by male doctors.

5- Ban on women studying at schools, universities or any other educational institution. (Former girls' schools were converted  into religious seminaries.)

6- Requirement that women wear a long veil (Burqa), which covers them from head to toe.

7- Whipping, beating and verbal abuse of women not clothed in accordance with Taliban rules, or of women unaccompanied by a mahram.

8- Whipping of women in public for having non-covered ankles.

9- Public stoning of women accused of having sex outside marriage. (A number of lovers are stoned to death under this rule).

10- Ban on the use of cosmetics. (Many women with painted nails have had fingers cut off).

11- Ban on women talking or shaking hands with non-mahram males.

12- Ban on women laughing loudly. (No stranger should hear a woman's voice).

13- Ban on women wearing high heel shoes, which would produce sound while walking. (A man must not hear a woman's footsteps.)

14- Ban on women riding in a taxi without a mahram.

15- Ban on women's presence in radio, television or public gatherings of any kind.

16- Ban on women playing sports or entering a sport center or club.

17- Ban on women riding bicycles or motorcycles, even with their mahrams.

8- Ban on women's wearing brightly colored clothes. In Taliban terms, these are "sexually attracting colors."

19- Ban on women gathering for festive occasions such as the Eids, or for any recreational purpose.

20- Ban on women washing clothes next to rivers or in a public place.

21- Modification of all place names including the word "women." For example, "women's garden" has been renamed "spring garden".

22- Ban on women appearing on the balconies of their apartments or houses.

23- Compulsory painting of all windows, so women can not be seen from outside their homes.

24- Ban on male tailors taking women's measurements or sewing women's clothes.

25- Ban on female public baths.

26- Ban on males and females traveling on the same bus. Public buses have now been designated "males only" (or "females only").

27- Ban on flared (wide) pant-legs, even under a burqa.

28- Ban on the photographing or filming of women.

29- Ban on women's pictures printed in newspapers and books, or hung on the walls of houses and shops.

30.  There will be no television or playing of radios, videotapes, DVDs, CDs, or computers --- http://www.borndigital.com/taliban.htm

Also see Legacy of Terror

To get into this same site from another direction enter:

www.msnbc.com/news/default.asp 

then click on "Legacy of Terror".

Let's hope it works this time since there are lots of photos, slide shows, narration, etc. 
John McFadden 
Director, Laurie Auditorium Trinity University 715 Stadium Drive, San Antonio, TX 78212 
Phone:(210) 999-8110 FAX: (210) 999-8100
jmcfadde@trinity.edu 

 Or try http://www.msnbc.com/news/afghan_front.asp?launch=/modules/Bin_Laden_Flash_app/default.asp 


Bob Overn forwarded these, and they will only be appreciated by those of us who yearn for our simpler life of the 1950s.  It beat living between 1960 and infinity A.D. 

To remember what a "double dog dare" is, read on. And remember that the perfect age is somewhere between old enough to know better and young enough not to care. How many do you remember?

1. Candy cigarettes 
2. Wax coke-shaped bottles with colored sugar water inside. 
3. Soda pop machines that dispensed glass bottles. 
4. Coffee shops with tableside juke boxes 
5. Blackjack, Clove and Teaberry chewing gum 
6. Home milk delivery in glass bottles, with cardboard stoppers. 
7. Party lines. 
8. Newsreels before the movie. 
9. P. F. Flyers 
10. Butch wax 
11. Telephone numbers with a word prefix ... (BUterfield 8-2918) 
12. Peashooter 
13. Howdy Dowdy 
14. 45 RPM Records 
15. Green Stamps 
16. Hi-fi's 
17. Metal ice cube trays-with levers 
18. Mimeograph paper 
19. Blue flash Bulbs 
20. Beanie and Cecil 
21. Roller skate keys 
22. Cork Pop Guns 
23. Drive-Ins 
24. Studebaker 
25. Wash Tub Wringers 
26. The Fuller Brush Man 
27. Reel to reel tape recorders 
28. Tinkertoys 
29. The Erector Set 
30. The Fort Apache Playset 
31. Lincoln Logs 
32. 15 cent McDonald hamburgers 
33. 5 cent packs of baseball cards...with that awful pink slab of bubble gum 
34. Penny candy 
35. Gasoline at 35 cents-a-gallon

A TIME WHEN..................... 
1. Decisions were made by going "eeny-meeny-miney-mo." 
2. Mistakes were corrected by simply exclaiming "do over!" 
3."Race issue" meant arguing about who ran the fastest. 
4. Catching the fireflies could happily occupy an entire evening. 
5. It wasn't odd to have two or three "best" friends. 
6. The worst thing you could catch from the opposite sex was "cooties." 
7. Having a weapon in school meant being caught with a slingshot. 
8. A foot of snow was a dream come true. 
9. Saturday morning cartoons weren't 30-minute ads for action figures. 
10. "Oly-oly-oxen-free" made perfect sense. 
11. Spinning around, getting dizzy, and falling down was cause for giggles. 
12. The worst embarrassment was being picked last for a team. 
13. War was a card game. 
14. Water balloons were the ultimate weapon. 
15. Baseball cards in the spokes transformed any bike into a motorcycle. 
16. Taking drugs meant orange-flavored chewable aspirin.

17.  Parents never gave a second thought to allowing their ten-year old child 
      walk alone to and from a downtown movie theatre after dark.

18.  Swea City, Iowa did not even need a single constable.  There were no
       locked doors in cars or houses, because there was no crime.

Reply from Dennis Beresford:

I enjoyed the item on page 48 of your latest bookmarks. It listed a number of things that only old timers would remember and I was familiar with almost all of them. Item 20 was "Beanie and Cecil." One of the highlights of my younger days was appearing as a guest on the "Time for Beanie" show - live! I had a chance to have a conversation with Cecil the Seasick Sea Serpent. The list brought back a lot of nice memories. However, I wonder why it didn't include the door to door Good Humor Ice Cream trucks? Maybe that was a west coast phenomenon.

Denny


Is this DAFFY or not?

Forwarded by Phil Cooley
Pick up your phone and try this. It only takes 20 seconds and no matter how hard a day you may be having, if nothing else, it will bring a smile  to your face and give you a moment of relief! 

1. Call Deutsche Bank / National Discount Brokers  at 1-800-888-3999.  
2. Listen to ALL of the options (it only takes a  moment). 
3. After hearing the 7th option, press 7 and  listen. 

EVERY company should have an Option 7


Two men are approaching each other on a sidewalk. Both are dragging a right foot as they walk. 

As they meet, one man looks at the other knowingly, points to his foot and says, "Vietnam, 1969." 

The other points his thumb behind him and says, "Dog doo, 20 feet back." 

Most of us feel like dragging one foot while pointing a thumb toward lower Manhattan this week!  Praise be to the many heroes who risked, and in many cases gave, their lives digging us out of the senseless aftermath of despicable hate and terror.



And that's the sad way it was on September 21, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

  Hline.jpg (568 bytes) Hline.jpg (568 bytes)

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September 14, 2001

Bob Jensen's New Bookmarks on September 14, 2001
Bob Jensen at Trinity University
 

Quotes of the Week

Whether we joy or grieve, the same the curse, 
Surprised at better, or surprised at worse. 
Thus good or bad, to one extreme betray 
Th' unbalanced mind, and snatch the man away; 
For virtue's self may too much zeal be had; 
The worst of madmen is a saint run mad.

Alexander Pope, Essay on Man, 1733
To view the Trade Towers before the terrorism of madmen, see 
Manhattan Timeformations (History of Manhattan's Skyscrapers --- http://www.skyscraper.org/timeformations/intro.html 
(Note the clever animations at the above site.)

Children have an especially hard time dealing with crises such as a terror attack that dominates the media and brings tears to adults. Some things that might help when dealing with children are given at http://www.trinity.edu/rjensen/children01.htm
(I thank Marc Raney for calling my attention to this matter.)

We shall not flag or fail.  We shall go on to the end.  We shall fight in France, we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills;  we shall never surrender.
Sir Winston Spencer  Churchill, Speech on Dunkirk, June 4, 1940

When I consider life, 'tis all a cheat;
Yet, fueled with hope, men favor the deceit;
Trust on, and think tomorrow will repay.
Tomorrow's falser than the former day.

John Dryden, Aureng-Zebe, sct IV, 1676

Never ask of money spent
Where the spender thinks it went.
Nobody was ever meant
To remember or invent
What he did with every cent.

Robert Frost (as quoted in an email message from George Lan up in Canada)
(This certainly has been the motto of most failed dot.com companies.)

"Knowledge speaks, but wisdom listens." - - Jimi Hendrix
(As quoted in an email message from Andrew Priest)

This separation of the intellectual and cultural ends of the liberal arts from their political and economic purposes has been, as I have said, a rather recent historic phenomenon, and not a particularly healthy one. There is absolutely no reason for us to be constrained by it, no reason to be confined by what is in fact an historically narrowed definition of the liberal arts, a definition that denies the liberal arts their full scope and vitality and power, just as there is absolutely no reason for us to be constrained by or acquiesce to the general public’s current fixation on narrowly conceived career preparation.
Dr. John Brazil, President of Trinity University (See below)

We have embraced, indeed been swallowed by, the multiple adjective syndrome, or MAS: financial, audit, managerial, tax, analytic, archival, experimental, systems, cognitive, etc. This applies to our research, to our reading, to our courses, to our teaching assignments, to our teaching, and to the organization of our annual meeting. In so doing, we have exploited specialization, but in the process greatly reduced communication networks, and taken on a near tribal structure.
Dr. Joel Demski, President of the American Accounting Association (See below)

Bob, your metaphor is richer than it at first appears. What both the horseless carriage and the Wright's plane did was actually *enabled growth* in transportation -- phenomenal growth, amazing growth! And the growth in transportation capability itself is what led to the profound (!) changes in society.
Dr. David Fordham, Professor of Accounting at James Madison University (See below)




See you soon I hope, October 28-31, 2001, in  Rio de Janeiro --- http://www.ltsi.fea.usp.br/13apc/13apc.htm 

Linda and Michael Bamber are conducting a morning workshop in Rio.

Workshop on “PUBLISHING YOUR RESEARCH IN SCHOLARLY ACCOUNTING JOURNALS”
Leaders: 

Linda Smith Bamber, 
Editor, The Accounting Review and Professor, University of Georgia, U.S.A.

E. Michael Bamber, 
Consulting Editor,
The Accounting Review, Associate Editor, Journal of Accounting Literature, and Professor, University of Georgia, U.S.A.

Location: Inter-Continental Hotel, Rio de Janeiro, Sunday, October 28, 2001, 8:00 a.m.- Noon

This workshop identifies meaningful strategies for getting your research published in scholarly accounting journals. We will logically work through the research process, starting with generating significant research topics, then going on to developing the topic, research design and data collection issues, writing the paper, selecting the appropriate journal to submit the paper, and the review process. We will discuss special challenges and opportunities for the authors. In addition, workshop participants will analyze case studies of papers published or accepted for publication in The Accounting Review.
http://www.ltsi.fea.usp.br/13apc/workshop.htm 

Gerald Trites (from Canada) and I will conduct an afternoon workshop in Rio.

Workshop on  “E-COMMERCE AND ACCOUNTING ”

Leaders: 
Robert Jensen, 
Professor at Trinity University, U.S.A.

Gerald Trites
Professor, St. Francis Xavier University, Canada

Location: Inter-Continental Hotel, Rio de Janeiro, Sunday, October 28, 2001, 1:00 - 5:00 p.m.

This workshop will address issues related to recent developments in electronic and internet commerce.  Research frameworks useful in electronic commerce and research issues will be presented. Workshop will also address a number of emerging issues such as the relationship between accounting and electronic commerce; emerging risks and controls in electronic commerce; materials used in a electronic commerce course and approaches used in other electronic commerce courses.
http://www.ltsi.fea.usp.br/13apc/workshop.htm

The 13th Annual Asian Pacific Conference on International Accounting Issues Program for October 29-31 can be found at http://www.ltsi.fea.usp.br/13apc/13apc.htm  
(This link also provides information on fun things to enjoy in the sun and when learning about history and culture while you are in Rio.)

This is generally a great conference in terms of both program content and social events.  The program is highly international in flavor as depicted somewhat by having the Asian Pacific Conference in South America this year alongside the Atlantic Ocean.


The end of this module announces where you can both read and listen to a controversial and highly critical address to the American Accounting Association membership by its current President, Joel Demski.

Prior to to the University of Berlin in 1810, "universities" tended to be more of a collection of inner colleges with less emphasis on a common curriculum and less student flows between colleges. Schools like Oxford, Cambridge, and Harvard also tended to educate more through specialty tutors rather than large lectures that commenced when universities put in common curricula and catered more to the masses. In the past two centuries, undergraduates became exposed to more disciplines and were allowed greater mobility in changing disciplines within a university. Kant, in 1790, proposed separating liberal (broad-based) undergraduate degrees from "professional" degrees at the graduate level, where a professional graduate school degree was not yet viewed as business administration but did include law and medicine. Business administration graduate schools came later.

History Question: 
What was the first graduate school of business administration in the world and when was it founded?

History Answer: 
Dartmouth College commenced in 1769 and later founded the world's first graduate school of business administration in 1900. Interestingly, a Wall Street Journal Special Edition ranked Dartmouth as the top business administration graduate school in the Year 2001, although other rankings such as US News do not place Dartmouth at the top.

See the following two links with respect to Dartmouth:

 

The President of Trinity University, John Brazil, recently stated the following at http://www.trinity.edu/departments/public_relations/pres_page/pres_index.html 

 *************************************************************************************

Last Spring at a meeting of the Commission on Curricular Review, I made something like the following observations so I hope the Commission’s members will bear with me, but it is instructive to remember that the seven disciplines that comprised the original liberal arts and sciences, the disciplines of the trivium and quadrivium, did not include a sizable majority of the arts, science, humanities, and social science curricula that we now think of as central to the liberal arts.

What is more, in their day, the disciplines of the original liberal arts were in the contemporary sense, genuinely professional courses of study with real-world applications. It was not for several centuries that the liberal arts, the artes liberales, which best translated means the arts befitting a free man, it was not for several centuries that the arts befitting a free man became the arts befitting a gentleman. Or put another way, it was a long historical while before the liberal arts were reconceived as essentially non-professional and largely divorced from direct, real-world applications, a divorce that occurred principally to reinforce social class distinctions.

Originally, as they should today, the liberal arts were thought to “befit a freeman,” that is, they made a person fit for freedom, actually several kinds of freedom—intellectual and cultural freedom, to be sure, but also political and economic freedom—and they were thought to accomplish this through the mechanisms later, but best described by Thomas Jefferson in Notes on the State of Virginia: they did it by cultivating in individuals all the abilities necessary to obviate freedom-threatening dependencies of any kind—again, intellectual and cultural dependencies, to be sure, but political and economic dependencies as well. The liberal arts originally, as they should today, cultivated in individuals the full range of skills and knowledge needed to lead a self-reliant, independent life and to be fit for a broad, multidimensional freedom.

This separation of the intellectual and cultural ends of the liberal arts from their political and economic purposes has been, as I have said, a rather recent historic phenomenon, and not a particularly healthy one. There is absolutely no reason for us to be constrained by it, no reason to be confined by what is in fact an historically narrowed definition of the liberal arts, a definition that denies the liberal arts their full scope and vitality and power, just as there is absolutely no reason for us to be constrained by or acquiesce to the general public’s current fixation on narrowly conceived career preparation.

 *************************************************************************************

Note from Bob Jensen: 
A new document (as yet unfinished in terms of all links intended for the document) seems relevant to the current thread, so I will announce it today.

In an August 15, 2001 controversial address to the American Accounting Association, current AAA President Joel Demski lamented the fall of accounting education (I think he meant business education in general) from scholarship, joy, and an academic curriculum. In particular, he blasted the current textbooks and publishers, public accounting firms, accounting educators, administrators, and the tendency for scholarship and curricula to become niched into specialty topics with failing cross-communications between those specialties such as tax accounting , capital markets studies, NFP accounting, managerial accounting, AIS, etc. In particular he laments the way accounting curricula have evolved to meet the career interests of public accounting firm employers and the virtual failing of the five-year, 150-credit, requirements to sit for the CPA examination. At the end of his address to the membership, Joel announced a curriculum-design competition.

You can both read and listen to Joel Demski's August 15 address to the AAA membership at http://www.cs.trinity.edu/~rjensen/001aaa/atlanta01.htm 

In the above document you will also find the audio file of an August 15, 2001 address by Craig Polhemus, Executive Director of the American Accounting Association. I will add the text file as soon as Craig sends me the text of his remarks. Craig focuses on the recent (positive) trends of happenings in the AAA and the many services that members now enjoy, especially services of a tremendous Website. Joel focuses more on his own strong opinions about the recent (negative) trends of accounting education and research.


CPE SESSION 1 - August 11, 2001
American Accounting Association, Atlanta, Georgia

Good vs. Bad Online Content for Learning: How the Pros Design, Author, Test, and Deliver Knowledge Portals and Online Courses for Prestigious Universities and Online Supplements for Publishing Companies

I am making the presentation files and the audio files of CPE Session No. 1 available for free downloads at http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm 

The speakers are all on the leading edge of accounting and education technology. You can find out the latest updates from the radically-different distance education pedagogy of the new Canadian Chartered Accountancy School of Business, the online courses from UNext and Cardean University, the Prentice-Hall supplements for a popular basic accounting textbook, and the world's greatest effort to develop a knowledge portal (Fathom).

Year 2001 Session
The presentation files and audio files for CPE No. 1 in Atlanta in the Year 2001 are available from
http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm 

Year 2000 Session
The presentation files and audio files for CPE No. 1 in Philadelphia in the Year 2000 are available from
http://www.cs.trinity.edu/~rjensen/000cpe/00start.htm 

I hope these files are helpful to all persons seeking to know what the pros in this business are undertaking at the moment.


In the above Year 2001 CPE No. 1 Program, more than half the day was devoted to UNext.  UNext is not yet a profitable venture.  However, I like to track the progress of UNext to date, because its Billionaires Club investors (Mike Milken, Larry Ellison, etc.) provided sufficient capital to merge over 300 specialists in learning science with both IT technical specialists and content specialists (such as accounting professors like Mike Kirschenheiter from Columbia University, Mike Maher from UC Davis, Bob Clusky from West Georgia, and others) to overcome problems mentioned by Bill Ellet below.  You can listen to leaders from UNext at http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm 

I thank Dan Gode for the link to Bill Ellet's article below. I have to say that I disagree somewhat with Ellet's sweeping generalizations. Over 100,000 online students at the University of Wisconsin are coming from somewhere, and many are taking work-related courses at home. An enormous number of students around the world are taking online courses just to become "Microsoft Certified" in one of the many areas of training specialties in the IT professions. The University of Phoenix became the world's largest private university, in part because students in their homes were motivated to learn in a non-traditional classroom setting.  There have been many failures of startup online programs, but there are enduring successes as well.  We must learn from both the failures and the successes.  Some analysts see the glass as half empty while the rest of us see the glass half full progress to date.

Neither the early horseless carriages nor the first flight of the Kitty Hawk showed a whole lot of promise for transportation. However, in less than century, horseless carriages and aircraft now dominate transportation for pleasure, business, and warfare. Without doubt, distance education will dominate training and education in much less than 100 years since the Web was invented by Tim Berners-Lee and his physics friends in 1990.

"Where's the Revolution?" by Bill Ellet ( wellet@tmreview.com ), Communities --- http://www.tmreview.com/no_rev.asp 

The predicted e-learning revolution is late, very late, in arriving.
(Note from Bob Jensen: If you start the clock running from when less than 50 people started the World Wide Web in 1990, I hardly call the e-Learning revolution "very late" in arriving.)

By now, we were supposed to be seeing a dramatic shift from live training to pure e-learning. That hasn't happened. In fact, much of the e-learning industry is losing money. Stock prices hover in the single digits. Industry observers and analysts are predicting a serious shakeout of companies through acquisitions and shutdowns.

The business problem is that suppliers haven't found enough customers. The economy is partly to blame. Technology investments, including those related to e-learning, have been put on hold by many organizations. After the dot-com implosion and the end of vigorous growth in the national economy, Wall Street has punished tech stocks and deprived them of new funding.

But there are more pressing problems in the e-learning industry, and they happen to be ones that it can control:

The industry doesn't know how to talk to the training community and often doesn't seem to care.

Its software can be far more costly and difficult to get running than anyone, even the vendors themselves, expects.

It tends to take a commodity view of content.

It has ignored some basic facts about users.

The current problems and disappointments don't suggest that e-learning is a fad. In the words of Andy Snider (andys@vis.com, 781-890-7777), CEO of VIS Corp., a provider of custom corporate e-learning, "The web has created the opportunity for rich learning experiences available to a far larger population than traditional delivery methods can reach."

You now don't have to have the money, educational pedigree, and the time necessary to benefit from business school courses at the University of Chicago or Stanford University. You can be the single mother of three kids and still tap into web-based MBA-level instruction, the business insights of Peter Drucker, and shorter chunks of business content on a vast number of topics. You still need money and access to a computer and an Internet connection, but those are far less onerous prerequisites than used to be the case.

Still, the industry is going to have to face up to some shortcomings in the way it does business. Otherwise, it's going to meet continued resistance even when the economy improves.

Talk training, not technology.
The e-learning industry is largely run by people with technology or business backgrounds. They don't have training or education backgrounds. There's nothing wrong with outsiders leading a charge into an industry. It's just that too often the outsiders tend to undervalue or flat out miss factors crucial to long-term success.

At the recent ASTD national conference in Orlando, Florida, panels of industry leaders attracted large audiences. In one session I attended, the panelists indulged themselves time and again in industry insider talk. Much of the time, they appeared to be talking only to themselves. In another session, a frustrated trainer told industry panelists to stop telling her that each of their companies had everything she needed for a total e-learning solution. "Because you don't," she said. The audience applauded energetically.

Some vendors are starting to call themselves learning companies to emphasize their concern with education. But whatever they call themselves, companies have to identify what's on trainers' minds and talk in terms that make sense to them. It won't serve trainers to bury them in tech talk.

For instance: "Well, we have an industry-leading asp solution." I heard that a lot at the ASTD conference. Hold up! Why don't you find out if the listener knows what an asp solution is, and its strengths and weaknesses versus other options, before leaping to the next topic?

Ignoring trainers may have been driven by the business models of e-learning vendors. They seemed interested mostly in senior management. They want to get into organizations at the highest possible level to shut out competitors and sell enterprise-wide solutions. They seemed to have assumed trainers would have no influence in the decisions.

Wrong! Trainers have turned out to be very influential in the decisions, and in smaller organizations, they may be the main decision maker.

The industry also needs to shake the impression it left with trainers that they are expendable. A couple of years ago, their pitch targeted the replacement of most live training by e-learning. Many trainers make their living in the classroom. Presumably they were going to be out of a job after the revolution; their salaries would be part of the trumpeted e-learning cost savings.

Today companies are talking about "blended solutions." The term can grate on veteran trainers. The industry conveys the impression they invented it, but trainers have been creating blended solutions since the filmstrip was invented. Nevertheless, the industry appears to be headed in a better direction. It seems willing to deal with the reality of learning inside organizations and to talk about how their products can work with other methods for the best overall result.

Just be honest.
Here's a suggested oath for all e-learning personnel: "I will never knowingly create the impression that we can solve every learning problem equally well. I will never gloss over or avoid the real cost of an initial implementation. I will never suggest that every implementation is going to be as smooth as glass."

In the long run, a company administering and enforcing this oath will be better off than competitors who still take the old-style marketing approach of telling people what they want to hear.

Among themselves, trainers are telling each other horror stories about expensive systems that take forever to get running and then force another long, costly process to get content into the system. Trainers sitting on the sidelines hear these stories and say to themselves that they'll just let the bleeding edge pass without contributing some of their own blood.

It doesn't have to be this way. Companies should level with potential customers about minimum prices. They should be honest about the match between their solution and the customer's need, and if the customer isn't sure about the need, help him or her get clearer. And they should never underestimate the potential difficulties of an implementation.

Reject the content commodity fallacy.
Snider, CEO of VIS Corp., says 90% of e-courses are bad because they're "built on the wrong assumptions." He says the catalog of e-courses was pumped up by the drive "to get out as much content as possible as fast as possible as cheaply as possible." What has mattered in the industry is "a packaged, consistent, efficient process" (these are Snider's words).

You aren't likely to see many arguments breaking out in expo booths or in conference sessions about who has the best web-based diversity training. The content providers themselves can be the most convincing purveyors of the fallacy that content is a commodity. They offer many courses, with little differentiation among them. More often than not, the source of the content is anonymous. Are trainers and learners supposed to accept on faith that it comes from a credible person?

And what about the fit between the content and e-learning delivery? There's an assumption operating in the industry today that all content is equally deliverable by e-learning, everything from a Word tutorial to a leadership course. I think most trainers look askance at leadership training that has a multiple-choice test at the end. What does a good score on the test mean? Does it give any indication that the person has a practical sense of how to be a better leader?

Soft skills training (a term I hate) is a bigger market than IT training. The smart business model targets the most lucrative market. OK, but does that mean the obvious limits of so much online soft skills training should be buried? Wouldn't it be better to make the limitations clear so that online courses can be integrated with other methods? Trying to hide the issue just makes trainers suspicious.

Customers have a role too. By buying what Snider says is "the 10% of programs that are focused on real behavioral change," they can attract more development of better learning experiences.

Remember the end user.
The industry would do well to remind itself that trainers are on intimate terms with their learners. They are involved with them in an ongoing community of learning and practice. They are also involved with the learners' managers, who are often their internal customer.

Trainers will hear about it if the:

Content isn't challenging.

Learning objectives are unrealistic or trivial.

Interactivity is minimal.

Learning is isolating and strictly individual.

Physical conditions aren't conducive to learning.

These are some of the complaints emerging from formal user studies and trainer anecdotes. Some of them can be diminished by simple steps such as advising trainers of problems unique to e-learning, such as the pitfalls of trying to study in your workspace (managers don't respect training time, peers interrupt or create distractions).

A recent study has shown that the vast majority of learners don't want to take work-related courses at home. Given the squeeze on family time, that result shouldn't surprise anyone. The virtues of e-learning won't entice many employees to add even more hours to their long work day by studying at home. Vendors should help companies, trainers, and managers avoid unrealistic expectations.

Other complaints will be harder to solve. Until quality standards are higher, online content will have trouble winning over users. The isolation of current self-paced e-learning is another obstacle. Many providers are now rushing to supplement linear, self-paced content with peer-to-peer, mentor/instructor, and virtual classroom resources. In addition, some vendors, such as McGraw-Hill and Mentergy, are trying to help trainers envision authentic blended learning.

Bill Ellet is editor of Training Media Review.

If you are into this doom and gloom view of distance learning to date, you can also cry in your beer while reading  "Distance Learning Yet to Hit Home," by Kendra Mayfield, Wired News, September 5, 2001 --- http://www.wired.com/news/school/0,1383,45855,00.html 

Also allow your tears to dribble over http://www.trinity.edu/rjensen/000aaa/theworry.htm 

For a more optimistic view of technology in education, go to http://www.trinity.edu/rjensen/crossborder.htm 

Reply from David R. Fordham [fordhadr@JMU.EDU

Bob, your metaphor is richer than it at first appears. What both the horseless carriage and the Wright's plane did was actually *enabled growth* in transportation -- phenomenal growth, amazing growth! And the growth in transportation capability itself is what led to the profound (!) changes in society.

I, too, believe that the Internet will spark an increase (or "growth") in the amount of education that people will obtain (and need!). Distance education has the potential to increase education opportunities. (Hey, if you want to get technical, isn't Google or AskJeeves a new form of education?)

So if in a few years (10? 20? 40?) the **Internet** is the dominant education delivery vehicle, it will be because it enabled NEW education which doesn't exist today, and NOT because it will replace anything or everything.

Just as the Kitty Hawk experiment didn't eliminate ground transportation, so too the Internet will not eliminate traditional university education, lectures, classrooms, buildings, or make teachers obsolete. No way. My children are looking forward to college for lots of reasons in addition to pure "education"!

And we often overlook the fact that a true university is a community of scholars, not just a bunch of brick & mortar. In fact, I'm surprised that society even lets U-Phoenix get away with using the name University without at least using it in quotes.

So, to repeat, I don't disagree that in a few years, most education will be done on the Internet. But I feel that will mainly be because the Internet will fuel a GROWTH in education as a process, not because it will replace universities, colleges, classrooms, and lectures.

In fact, I'll go so far as to say that I don't expect a major decline in the number of students in the traditional university system over the next 30 years, even though SOME of that education might utilize the Internet (hey, I'm using Blackboard and websites right now!)

David Fordham 
James Madison University


Like many companies trying to make a buck on the Internet, e-learning companies have suffered in the past year. The future may be in niche markets, like business, and in countries where access to universities isn't universal.

"Distance Learning Yet to Hit Home," by Kendra Mayfield, Wired News, September 5, 2001 --- http://www.wired.com/news/school/0,1383,45855,00.html 

"In the early days, back in the mid-90s, everyone thought distance learning was the next big thing," Stokes said.

Today, the distance learning market continues to grow, but much of the momentum has slowed. Many e-learning startups have gone belly-up, realizing the enormous costs of launching efficacious courses online.

"The e-learning market has come into focus," said Andy Rosenfield, CEO of UNext.com. "People understand that it's not easy to provide quality education online.

"You can't build out the offerings of a great university overnight."

A host of companies that tried to get big fast by giving their products away have failed, Stokes said. Some that hoped advertising revenue would subsidize the products they were giving away -- such as ZapMe, Imind and HighWired -- have suffered as a result.

E-learning pioneer Hungry Minds racked up massive debt, closed offices, discontinued its distance education programs and has since been acquired by John Wiley & Sons.

Others have emerged unscathed.

With a $3 billion market cap, the University of Phoenix Online, the nation's largest private university serving working professionals, tops the list of survivors. Other thriving ventures include DeVry and Renaissance Learning, which both address real needs among the vocational and K-12 markets, Stokes said.

"These are companies that have been built over time," Stokes said. "They weren't thrown together overnight in an attempt to cash in."

Now, many e-learning companies are moving away from targeting consumers to focus on niche markets.

"Today, the majority of the activity still takes place on campus, but we're seeing an increasing focus on distance markets again," Stokes said. "Schools and businesses are focusing on providing professional and continuing education to discrete market niches. That's much more effective than trying to be all things to all people."

Many universities are collaborating with each other or with commercial e-learning ventures, rather than going it alone.

"Thousands of universities and colleges are not able, without tremendous efforts, to serve people at a distance," Rosenfield said. "I don't think that colleges or universities acting alone have a competitive advantage."

But Rosenfield insists that virtual learning will complement, rather than replace, traditional site-based learning.

"Our goal is not to build something that competes with colleges and universities in any way," he said.

UNext recently signed a deal to offer online executive and management development courses to General Motors' 88,000 employees worldwide.

GM workers will be able to take business education courses or obtain an online MBA from UNext's Cardean University, which was developed in collaboration with Columbia Business School, Stanford University, the University of Chicago Graduate School of Business, Carnegie Mellon University and the London School of Economics and Political Science.
(Note from Bob Jensen:  For audio and presentation files of some major players in UNext and Cardean University, go to http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm  )

Targeting corporations like GM is only the tip of UNext's evolving global strategy.

"Although the Internet has achieved incredible growth, it has proliferated in areas where people already have access to good education," Rosenfield said.

The future of e-learning lies in reaching areas such as India, China and Brazil, where people don't have the funds to access quality teachers and schools, Rosenfield said.

"E-learning today is where the automobile industry was before Henry Ford," Rosenfield said. "In 10 to 20 years from now, it will be nearly ubiquitous."

But some critics doubt that companies such as UNext will be able to pull off its ambitious goal of delivering top-quality courses to a national audience.

"There's no guarantee that the best professors from the best universities can create the best online courses," said Gary Matkin, dean of continuing education at the University of California, Irvine. "If they do, then that talent comes at a very high price."

It remains to be seen whether UNext will succeed in signing up enough students to cover the costs of individual courses, which cost hundreds of thousands of dollars to develop.

"How you get return on that investment is beyond my comprehension," Matkin said.

"Does massive underlying financing produce a better learning project? So far, I haven't seen it happen."

Even if universities offer their course materials online for free, as MIT did with its OpenCourseWare initiative, a quality education will still come at a cost.

"The quality of instruction is going to have to remain high and is going to remain at a price," Matkin said.

Analysts and educators agree that e-learning is still a nascent industry. As technology and bandwidth constraints change, the notion of distance education will continue to evolve to include elements such as video teleconferencing.

Over 90 percent of U.S. higher education institutions will offer some form of e-learning by 2005, IDC predicts.

"The education industry is a $100 billion market," Stokes said. "This is an emerging industry with tremendous promise. Not only in the U.S., but around the world."

See also:
Publishers Yearn to E-Learn
Online Learning's Long Curve
MIT Cheered From a Distance

Bob Jensen's documents on distance education are at http://www.trinity.edu/rjensen/000aaa/0000start.htm 


Departmental Memo

Just wanted you to see the latest U.S. News rankings for Trinity. This is our tenth year in a row to rank number one.

http://www.usnews.com/usnews/edu/college/rankings/univmas/umwest/tier1/t1univmas_w.htm  

http://www.usnews.com/usnews/edu/dollars/rankings/bvunivmas_w/bvunivmas_w.htm 

Best regards,

Dick

Richard M. Burr, Ph.D. 
Professor & Chair Business Administration 
Trinity University
715 Stadium Drive San Antonio, Texas 78212-7200 210-999-7290 FAX 210-999-8134


The Top American Research Universities 2001  http://thecenter.ufl.edu
Most of them are pretty bad in football except for Stanford and Michigan.

Who's number one? The quintessential American question. We all want to stand first in line, first in the hearts of our country, first in the polls, first in the standings. The pursuit of Number One is surely an important thing in sports, but for universities, being first is not as important as being among the best. As the twenty-first century opens, there is a growing trend for researchers, institutions, donors, boards of trustees, and governments to use various university rankings as a means of measuring the performance of major higher education institutions. Most national research universities measure themselves on a wide range of dimensions that the institution believes important for determining improvement and success. At the same time, no single indicator or composite number can represent what an individual institution has done, can do, or will do. To improve the quality and productivity of a major national research university, its faculty, students, staff, and supporters need to follow a number of indicators that, taken together, give a reasonable approximation of accomplishment and strength relative to the best universities in the country.

Any number of indicators serve this purpose, but most observers know that research matters more than anything else in defining the best institutions. In this study, TheCenter provides both the total research and development expenditures and the highly-competitive federally sponsored research and development expenditures as indicators of research scale. While the dollars give a good approximation of research activity, it is the faculty who provide the critical resource for university success, and TheCenter reports the number of members of the National Academies among an institution's faculty along with the number of significant faculty awards earned as indicators of faculty distinction. Students provide a double indicator by reflecting both the externally perceived quality of the institution and providing with their own credentials an important contribution to that quality. For the graduate and research instructional dimension, TheCenter provides the number of doctorates awarded and the number of postdoctoral appointments supported; for the undergraduate quality, TheCenter offers median SAT scores as indicators of student competitiveness.

Both private and public universities live on the resources generated from many sources, but critical to their success are the size of their endowments and annual giving. Endowment reflects the long-term strength of accumulated private support that delivers an income to important purposes every year. Annual giving provides an indicator of the current level of an institution's private contributions both to current expenses and towards increased endowment. By including both indicators, TheCenter gains the opportunity to note historical and emerging strength in private support for research universities.

TheCenter's annual report, The Top American Research Universities, offers analysis and data useful for understanding American research university performance. A key feature of this report (available online and in print) is TheCenter's classification of universities into groups based upon the nine quality indicators described above. Institutions that have more than $20 million in annual federal research expenditures and that rank within the top 25 on at least one of the nine measures fall into our definition of a top research university. In this study, we also present a second group of institutions--those ranking 26-50 on the same nine measures.

Private Cornell University

Private Harvard University

Private Massachusetts Institute of Technology

Private Stanford University

Private University of Pennsylvania

Private Columbia University

Private Johns Hopkins University

Private Duke University

Public University of California

Public University of Michigan


Wow Product of the Week --- GoToMyPC --- https://www.gotomypc.com/ 

Product Info       GoToMyPC Brochure

GoToMyPC gives you secure, on-the-fly remote access to your PC from any Web-browser anywhere.

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Enable 1-2 computers and access them from any Internet connection. GoToMyPC Personal is a simple, easy remote-access solution for everyone.
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Need permission to try GoToMyPC at work? Click here.

 

I discovered GoToMyPC in the highly favorable review of it given by Walter Mossberg in the September 6, 2001 edition of The Wall Street Journal, Page B1. 
http://interactive.wsj.com/archive/retrieve.cgi?id=SB999723847321875907.djm&template=pasted-2001-09-06.tmpl
   

HERE'S HOW GoToMyPC works. 
First, you go to the company's Web site, register and download a small program on the PC or PCs you wish to be potential targets for remote control. The program, which works quietly in the background, must be running for the process to work. You don't need to fiddle with any Internet settings at all.

Then, when you want to remotely control the target PCs, you just log onto the GoToMyPC Web site, specify the PC you want to control from a list of those you've enabled, and magic occurs. The screen of the target PC appears in a window on the remote PC's screen, exactly as it would look if you were sitting there. The mouse and keyboard of the remote PC operate all the programs on your target machine.

The company says the process is highly secure. Two passwords are required -- one to log onto the service and another to gain access to each target PC. And all of the data exchanged in each remote-control session is encrypted. The company even claims the service will work through many corporate firewalls.

There is one major limitation: The service works best with an always-on, high-speed Internet connection on both ends. It will function via a slower dial-up connection, but the target computer must remain dialed into the Internet constantly, and the typing and viewing lag is more noticeable.

Another problem arises if there's a difference in screen size or resolution between the remote and target machines. If the remote machine has a smaller or lower-resolution screen, you'll either have to squint to read the target machine's screen or do a lot of scrolling to see everything.

Right now, you can't use a Macintosh as a remote machine, but that will be fixed in a future release. The company is also working on remote printing and on better file transfer and synchronization.

Even with its current limitations, GoToMyPC is a very handy service for people who find themselves juggling multiple PCs at multiple locations. It really works.


More on Remote Control 
NetOp Remote Control is an award-winning tool for fast, stable and secure remote support and network management. Control PCs over modems, networks or the Internet, just as if you were in front of them. Download a FREE fully functional evaluation copy today! http://cgi.zdnet.com/slink?138878:2700840 


Hello Professor Arias-Galicia,

The "dynamic lady" is Amy Dunbar. You can read about how she developed her first online course at www.sba.uconn.edu/users/adunbar/genesis_of_an_online_course.pdf 

Recommended software for course design can be found at http://www.trinity.edu/rjensen/000aaa/thetoolsa.htm 

My Blackboard threads are at http://www.trinity.edu/rjensen/blackboard.htm 

The history of course authoring software can be found at http://www.trinity.edu/rjensen/290wp/290wp.htm 

Examples of courses in accounting and tax are given in ACE at http://accounting.rutgers.edu/raw/aaa/ace/index.htm 

My documents on education technology are linked at http://www.trinity.edu/rjensen/000aaa/0000start.htm 

Global distance training and education alternatives are linked at http://www.trinity.edu/rjensen/crossborder.htm 

Distance education programs in Latin America and South America are linked by LANIC --- http://lanic.utexas.edu/la/region/distance 

I hope this helps. If you need more specific guidance, please feel free to contact me.

Bob Jensen

-----Original Message----- 
From: Fernando Arias Galicia [mailto:fag1@infosel.net.mx
Sent: Sunday, September 09, 2001 2:41 PM To: Robert E. Jensen Subject: Courses

Dear Robert: 
I hope you have had a nice trip back home from Puebla. I enjoyed very much your presentation! I asked you about the web courses on how to design courses on the web. You very kindly offered to send me some information particularly about a very dynamic lady that took those courses. Will you do that for me?

Thank you in advance. Best regards!

Dr. Fernando Arias-Galicia. fag1@infosle.net.mx 

 


August 2001 CPA Journal's Chosen "Website of the Month"

Website of the Month: 
My Accounting Portal ( www.myaccountingportal.com ) launched only in January, but its act seems to have been in good shape from the get-go. Touting itself as combining “the best features of consumer portals by giants such as Yahoo and Excite with the reference tools and resources of a traditional accounting website” and including “extensive customization technology, a wealth of original content, powerful tools, and carefully screened links,” the “about us” page does not overstate the case.

This portal probably meets the criteria on anyone’s bookmark checklist. Features include the following:

Customization. Similar to general-user portals like Yahoo, a user can customize the main page so favorite news feeds, research materials, and other resources are readily available.

A user can recustomize the layout at will.

Personal/professional features. The portal has an accounting website module that provides a range of accounting news and research and access to web-hosted applications. The portal also offers general and business news, links to websites in myriad areas, a personal information manager, stock quotes, weather, and other modules. Editors’ top picks. The portal’s editors select articles from listed websites they think will be most helpful to accountants and organize them into convenient categories. Personal information manager (PIM) and QuickMail. These areas contain the familiar contacts, notes, calendar, task list, bookmarks, and e-mail functions, available through a web-based interface for easy accessibility. Office tools. The portal’s tools for doing business on the Internet include basic telephone directories as well as collaboration tools for storing data and sharing information electronically. Client interactivity. The portal is developing a number of client-interactive features, such as web-hosted applications, downloadable tax-returns, a tax due-date calendar, a client scheduler, and time and billing functions. For accountants that already have office management and PIM tools, My Accounting Portal may offer more than needed. But the anywhere-anytime advantage is a real one, the online research archives are impressive, and the portal’s website listings are well organized.


Our $tudent$ Have High HOPE$
Expectations of a million dollars in the bank, a quality home life, and work satisfaction are just par for the course for today's students, according to a recent survey. Almost two-thirds of those asked to take part in a poll say that they aim to become millionaires. Three out of ten hope to achieve this goal by age 40. http://www.accountingweb.com/item/57026 


Our $tudent$ $hould Take a Look at the $alary Wizard
The Salary Wizard --- http://swz.salary.com/salarywizard/layoutscripts/swzl_newsearch.asp 
You can do a comparative analysis of how well you are being paid relative to your peers and relative to other professions.  This site also offers salary news and salary data.

The Salary Wizard accesses Salary.com's proprietary compensation database, which contains salary information on thousands of job titles. The Salary Wizard calculates salaries based on job title and geographic location.

Also see http://swz-businessweek.salary.com/salarywizard/layoutscripts/swzl_newsearch.asp 

Cost of Living Calculator 

http://www.businessweek.com/common_frames/bs.htm?

http://businessweek.monstermoving.com/Find_a_Place/Relosmart/rs.asp 


Some professors blame the Internet for the rise in student plagiarism. Whether or not the Net has inflated this age-old problem, the biggest wave of new cheaters may still be yet to come  http://www.wired.com/news/school/0,1383,45803,00.html 

"Cheating's Never Been Easier," by Kendra Mayfield, Wired News, September 4, 2001

But while some educators view the Internet as the greatest plagiarism tool since the copy machine, others say that the Web hasn't had a major impact in the rise in cheating -- yet.

"My research suggests the Internet is not yet responsible for a dramatic increase in the number of students who cheat but is responsible for a more-than-trivial increase in the amount of cheating done by those who do cheat," McCabe said.

In a survey of 4,500 students at 25 high schools, McCabe found that over half of the students admitted they have engaged in some level of plagiarism on written assignments using the Internet.

But the number of self-described "new cheaters" who use the Internet is relatively low, McCabe said. He estimates that 5 to 10 percent of students who had not previously engaged in some form of plagiarism from written sources have been attracted by the Internet.

That number is expected to grow as students who grew up using computers in high school enter college.

"The problem is obviously greater in high school, and this does not bode well, in my view, for colleges," McCabe said. "Students growing up with the Internet as a research tool are going to find it hard to change behaviors they acquire in elementary and high school when they reach college. At least in terms of plagiarism, I would predict that cheating is likely to increase at the college level."

The rise in Internet plagiarism can be partially attributed to the ease of downloading essays from online term-paper sites, such as SchoolSucks.com and The Evil House of Cheat.

But cut-and-paste plagiarism -- by students who don't attribute sources -- may be an even greater problem than commercial term-paper mills.

In McCabe's high school survey, 52 percent said they had copied a few sentences from a website without citing the source, while only 15 said they had submitted a paper obtained in large part from a term-paper mill or website.

While technology has made it easier for students to cheat, it has also made it easier for teachers to detect cheating.

Some faculty turn to search engines such as Google where they type in key phrases to determine the original source of suspicious essay content.

Others use online plagiarism-detection tools such as Turnitin.com, CopyCatch and the Essay Verification Engine.

Business is booming for Turnitin.com's founder John Barrie, who calls his service "the ultimate deterrent" and "the next-generation spell-checker."

The service digitally fingerprints test papers and analyzes them against an internal database of course papers and millions of other Internet sources, providing an originality report to instructors within 24 hours.

The prospect of being caught submitting papers to multiple classes is often enough to deter any undergrad from cheating, Barrie said.

"Every high school student, when going to college, will have to face us," Barrie said.

Turnitin.com has over 20,000 registered users in 20 countries. In addition to high-profile universities such as Duke and Rutgers, the entire University of California system has signed up to use the service.

"By Christmas, we'll have just about every university in California signed up," Barrie said.

Recently, incidents of digital plagiarism have gained national attention.

The University of Virginia recently expelled one student after a physics professor used a computer program to catch 130 students who turned in duplicate papers.

"If cheating is that bad in the school with the No. 1 honor code in the country, it begs the question: What's it like at our school?" Barrie said.

"Administrators haven't the slightest idea what's going on. Students are using the Net as a 2 billion-page searchable, cut-able encyclopedia."

Honor code schools that use plagiarism-detection software are often met with student backlash.

The rest of the article is at  http://www.wired.com/news/school/0,1383,45803,00.html 

See also:
Plagiarist Booted; Others Wait
Program Catches Copycat Students
Catching Digital Cheaters

Bob Jensen's threads on plagiarism are at http://www.trinity.edu/rjensen/plagiarism.htm 


Blackboard Helpers for Trinity University Faculty and Staff
Question:
What staff member has the most recurrences of the letter "a" in his or her name and probably the most recurrences of the letter "n" as well?

Answer:
Vidya Ananthanarayanan

Question:
Who conducted the Blackboard Bootcamp training sessions at Trinity University in August 2001?

Answer:
Vidya Ananthanarayanan, with the assistance of Diane Saphire, Steve Perez, and other ITS staff

Question:
Who made a home movie for roughly two hours of Vidya's Blackboard Bootcamp?

Answer:
Bob Jensen

Question:

What dummy ran out of tape in the camera and did not capture the last part of Session 2 on Virtual Classrooms?

Answer:
Beats me?

Question
What can users expect from Bob Jensen's home movie if they check it out from IMS in the basement of Coates Library?

Answer:
Pretty bad video and reasonably good audio. An analog video camera never does not do a good job capturing computer screens, because the analog and digital technologies are never in synch, especially when there is small print on the screen. However, the audio is reasonably good when Vidya is speaking. She has a British/Indian accent and speaks with very good diction.

*************************************************

Blackboard Helpers for Trinity University Faculty and Staff

Access to Blackboard http://bb.trinity.edu/?bbatt=Y 

Blackboard Help Desk helpdesk@trinity.edu

Tiger’s Lair Blackboard Help Portal http://www.trinity.edu/portal/global/Portalhelp.htm 

Bob Jensen’s Blackboard Threads and Helpers http://www.trinity.edu/rjensen/blackboard.htm

*************************************************

Thanks you Vidya, Diane, Steve, and the rest of the gang who helped with Blackboard Bootcamp.

I think faculty who make no effort at all to learn about Blackboard features, especially the communication features, are missing a great opportunity for improving their courses. They may also be missing a great opportunity to improve collaborative research with their peers.

Clever Department Heads will discover that departmental meetings can be conducted virtually and persons out of town will no longer have any excuse for missing meetings.

But the main value added feature of Bb will be the incremental learning effectiveness and efficiency arising because instructors made good use of Bb for communications outside the classroom.

What I hope to do is improve communications with students who are lost or fall behind in my courses.

Bob Jensen

 


Teens can earn $20,000 for college in a Web site design competition
2SkyBlue --- http://www.2skyblue.com/ 


From Syllabus News on September 4, 2001

Duke to Combat Plagiarism

Duke University, in an effort to stop Internet plagiarism, has purchased a license for its faculty to use turnitin.comóa Web site that seeks to determine whether papers had been plagiarized. The new database, available at turnitin.com, will be available to instructors who have probable cause to suspect plagiarism.

For more information, visit http://www.trainingtrack.com

Bob Jensen's threads on plagiarism are at http://www.trinity.edu/rjensen/plagiarism.htm 


e-Business and e-Commerce Managerial Accounting, Revenue Forecast

Every now and then I call your attention to the wonderful (almost free) service called The Wall Street Journal Accounting Educator's Review.  I say "almost free" because users do have to subscribe to the electronic version of the WSJ, but any accounting, finance, or business educator who does not subscribe will miss boatloads of helpers for their students.  There are similar reviews for other business disciplines other than accounting.  Educators interested in subscribing should contact wsjeducatorsreviews@dowjones.com 

The item that I am going to quote here appears in the Fall 2001 edition.

TITLE: Heard on the Street: ComScore Aims For Better Data On Net Retailers 
REPORTER: Nick Wingfield DATE: Aug 31, 2001 PAGE: C1, 2 LINK: 
http://interactive.wsj.com/archive/retrieve.cgi?id=SB999219884208643973.djm
  

TOPICS: 
Managerial Accounting, Revenue Forecast

SUMMARY: 
Wingfield relates the art of sales forecasting for e-commerce firms. In particular, the story tells of the efforts of ComScore Networks to provide early indications of sales trends for online retailers with greater detail than was previously available. ComScore, like other prognostication firms, monitors the habits of Internet users, in their case, 1.5 million of them. ComScore surveys a sample of the Internet users to divine a percentage of sales estimate. Other firms use similar technology to that used by ComScore, but ComScore follows many more users than does its competitors and its competitors merely estimate Web traffic rather than provide revenue forecasts.

QUESTIONS: 
1.) The article mentions "metrics that require multiple leaps of faith" in describing predicting revenues for Web-based firms. What are some of these metrics? Why do these measures seem to be such poor indicators of performance?

2.) Re-read the Weber article about "stickiness" and relate it to the "tabulation of Web-page hits" mentioned in the Wingfield article. How good is the "correlation between increases in traffic and increases in sales?"

3.) Why might some of the metrics previously used by these forecasting firms be more useful for advertising-supported sites compared to Web-based retailers?

RELATED ARTICLES 
TITLE: Elevated Notion of Stickiness Is Discarded as Hype Fades 
REPORTER: Thomas E. Weber 
PAGE: B1 ISSUE: Mar 05, 2001 
LINK: http://interactive.wsj.com/archive/retrieve.cgi?id=SB983741419389825453.djm 

Reviewed By: 
Judy Beckman, University of Rhode Island 
Benson Wier, Virginia Commonwealth University 
Kimberly Dunn, Florida Atlantic University

This is just one of several "cases" in the Fall 2001 edition of The Wall Street Journal Accounting Educator's Review.

Bob Jensen's e-Commerce threads are at http://www.trinity.edu/rjensen/ecommerce.htm 


Business Valuation Blunders by the Pros

Dumb Deals 101
By Allan Sloan
NEWSWEEK
, September 6, 2001 --- http://www.msnbc.com/news/621862.asp
Attention, class. Smart people can make really stupid mistakes. Here’s a primer on some of the biggest investment fiascoes of recent years

TO WIT, when investment madness grips the world, big, smart investors can succumb just like us not-so-big, not-so-smart types. The difference is that the big guys have lots more money to lose, and if they make big enough investments, they leave paper trails for all to see. Average people who bought dogs like ICG, Webvan and Teligent at their highs can weep in private. But big hitters like John Malone, Goldman Sachs or leveraged-buyout heavies Ted Forstmann and Tom Hicks operate on the public stage. And they can lose bets that are measured in the billions. Unlike Internet companies, most of which never had a credible plan to make money, the telecom start-ups generally had proven leaders, real assets and business plans that made a lot of sense.

You might think the biggest smart-money bets were lost from imploding stocks of well-known Internet companies like Priceline, Yahoo and Amazon. Not so. Most of the money was lost in telecommunications companies that were formed to provide spiffy “broadband” Internet-video-voice-data stuff. Unlike Internet companies, most of which never had a credible plan to make money, the telecom start-ups generally had proven leaders, real assets and business plans that made a lot of sense. But so many companies flooded in that they slaughtered each other. How could so many smart investors have been so foolish? What were they thinking? Martin Fridson, the chief junk-bond strategist for Merrill Lynch, says that already-hot Internet and telecom markets turned incandescent when money came flooding into the United States after the Asian financial meltdown started in 1997. “Ideas that you would have called ridiculous at other times got funded,” he says. Another major factor in “smart” money’s flooding into telecom start-ups was that the nation’s biggest telecom, AT&T, bought upstart Teleport, and No. 2 WorldCom bought MFS and Brooks Fiber, all at fancy prices. This encouraged others to rush out and start up telecoms that could then be sold quickly to hairy-chested, deep-pocketed phone companies that, it turned out, weren’t buying. So, you see, it wasn’t just callow twentysomething supposed geniuses who lost big time on the Internet-telecom bubble, but seasoned smart people, too. There are enough examples here for a whole M.B.A. course. Call it Dumb Deals 101. So we’ve composed a list based on an unscientific combination of big names who made big investments that went bad embarrassingly quickly—and unwittingly provided us all a broader business lesson. We’re not counting people like Amazon’s Jeff Bezos or Priceline’s Jay Walker, who lost paper fortunes, money they never really had. As you can imagine, our dealmakers were less than eager to talk on the record, so these case studies are based on public filings and background interviews. The current value, if any, of their investments is our estimate based on recent stock prices. And let’s be generous—some of these companies are indeed going to survive. But make no mistake. It will take a miracle for our investors to come out ahead. And now, for our list of lessons that these investors learned the hard way. And, by the way, should have known in the first place.

LESSON #1 Don’t buy into your own hype
Paul Allen invested $1.65 billion in RCN in February 2000. Current value: $100 million. . . . .

LESSON #2 Buying low and selling high really is a good idea after all
John Malone’s Liberty Media invested $1.5 billion in ICG and Teligent in 1999 and 2000. Current value: $40 million. . . . 

LESSON #3 A discounted price isn’t necessarily a bargain
Janus Funds bought $930 million of WebMD stock in January 2000. Current value: $75 million-$140 million.. . .

LESSON #4 Going steady isn’t the same as marriage
Verizon invested $1.7 billion in Metromedia Fiber in March 2000. Current value: $100 million. . . . 

LESSON #5 Stick with what you know,
Part I Hicks Muse invested $1 billion in four telecom start-ups in 1999 and 2000. Current value: $0. . . . 

LESSON #6 Stick with what you know,
Forstmann, Little invested $2 billion in XO and McLeodUSA in 1999, and an additional $350 million in them this year. Current value: $400 million. . . . 

LESSON #7 Don’t mistake reinventing the wheel for innovation
Goldman Sachs and others invested $850 million in Webvan between 1998 and 2000. Current value: $0. . . . 

LESSON #8 Remember to include a worst-case scenario
AT&T invested $3.4 billion for operating control of At Home in 2000 and 2001. Current value: $0. . . . 

LESSON #9 The private sector isn’t always smarter than bureaucrats
European phone companies spent $96 billion for wireless Internet licenses starting in 2000. Current value: lots, lots less. . . . 

FINAL EXAM The overarching lesson here is an eternal one: markets can swing from being irrationally exuberant to being totally depressed in an instant.
Heaven help you if you don’t see the switch coming. When even smart people start acting as if there’s some truth to the four most dangerous words on Wall Street—”this time it’s different”—you can be sure it’s time to take the money off the table. And the one thing you can certainly bet on is that when the next investment mania strikes, that broader lesson—and, for that matter, all the dealmaking-for-dummies lessons we just discussed—will have been completely forgotten.


The following link was sent by Scott Bonacker [scottbonacker@moccpa.com

Debtor's Prison? Researchers say too little equity may breed myopia in managers," by Marie Leone, CFO.com. September 10, 2000 --- http://www.cfo.com/article/1,4616,0|83|AD|4809,00.html 

Modern finance theory posits that, all things being equal, debt is superior to equity as a source of capital. However, a new study suggests that borrowing can encourage myopic thinking on the part of management.

To be sure, debt carries significant tax benefits, is cheaper than equity, and provides more value to stockholders in a leveraged buyout. But the study's authors--Anil Shivdasani, a vice president with Salomon Smith Barney in New York, and Urs Peyer, an assistant professor of finance at INSEAD, in France--find that a heavy debt load can hurt corporate growth by leading companies to focus too relentlessly on short-term cash flow, thereby losing strategic focus.

Shivdasani explains that if management lacks discipline, a major shift from equity to debt often causes capital to be funneled to projects or business units that generate quick returns. Essentially, adds Peyer, the company begins to manage for short-term cash flow as internal capital is earmarked for debt and interest repayment and long- term investment opportunities are neglected.

In the Service of Debt The study, "Leverage and Internal Capital Markets: Evidence from Leveraged Recapitalization," was published in the March issue of the Journal of Financial Economics, while the researchers were colleagues at the University of North Carolina at Chapel Hill. They studied 22 U.S. companies that underwent leveraged recapitalization between 1982 and 1994, including USG, Owens Corning, Phillips Petroleum, Texaco, Union Carbide, and Goodyear Tire and Rubber. Examining leveraged recaps allowed the duo to quantify a comparatively "pure" change in leverage, while the 12-year span gave them enough data to chart meaningful postrecap results. On average, the companies in the study had a 17 percent debt-to-total-capital ratio before they leveraged up. That rose to 50 percent after taking on the extra debt. By comparison, the average for their unrecapitalized peers was 21 percent.

The paydown was so aggressive at these companies that within three years of the recapitalization, the ratio sank to an average 30 percent. To ensure that the findings were not a "statistical artifact," the researchers also examined company annual reports and press coverage immediately following the recaps. Almost all firms in the sample described measures, such as asset sales and reduction in capital expenditures, designed to improve cash flow, says Shivdasani. Several affirmed that generation of cash flow was a key strategic objective.

To give more weight to the findings, the team tested the market's reaction to companies that managed for short-term cash flow. Using a stock-price-based yardstick--an excess value measure that calculates worth relative to corporate peers--they found that firms focused on short-term cash flow did decidedly worse during the three years following the leveraged recap than companies that managed to satisfy corporate economics.

Critics contend the study paints too broad a picture. Dennis Soter, head of the corporate finance practice of consulting firm Stern Stewart & Co., points out that the problem with many highly leveraged companies is their strategy, not their capital structure. He cites several poststudy cases, including SPX Corp., Equifax, and Ipalco Enterprises, that kept investment strategies intact despite leveraged recaps.


Repeated from the August 24 Edition of New Bookmarks
"No Longer Feeling @Home:  Why the Current Troubles of Excite@Home Aren't Quite as the Analysts Say, But They Were Probably Inevitable," by Robert X. Cringely, PBS --- http://www.pbs.org/cringely/pulpit/pulpit20010830.html 

This week, more than three million Internet users who get their high-speed cable modem connections from Excite@Home watched their ISP struggle to survive. On the surface, it was a simple matter of a $50 million loan being called due, but underneath, the real issue was the very viability of broadband Internet access. With DSL companies failing one after another, and now the number one cable Internet provider apparently about to go under, is broadband, itself, in trouble?

Yes.

That's not the way the industry analysts see it. According to published quotes from the Gartner Group and Forrester Research, the problem with Excite@Home was one of corporate schizophrenia as the Excite portal failed to keep its advertising revenue growth in line with @Home's rapidly building subscriber base. Excite was a drag on the operation, pulling down its higher-flying corporate twin. But in this case, the analysts are wrong. And understanding why they are wrong can teach us all a lot about where the Internet is and isn't going.

Excite was one of the first search engines and an early Internet portal, competing primarily with Yahoo. @Home was a high-speed Internet service provider owned by cable television systems. In January 1999, @Home bought Excite for $6.7 billion in stock. To understand how the companies got to today's dismal reality, it would be a good idea to start with a look at the two operations at the time of their merger. Excite was profitable, had no debt, and lots of cash from its successful IPO. Excite revenue came from advertising and nearly all its users were on analog modems. @Home was not profitable, but like Excite had no debt, and lots of cash from its successful IPO. Nearly all @Home users were on high-speed cable modems.

The merger was fraught with problems from the very beginning. The first big problem was the fact that @Home's board did not appear to understand the ramifications of their purchase of Excite until after it was done. The whole point of the merger was to create a broadband online service offering everything from connectivity to content -- a kind of high-speed AOL that would crush AOL. But after approving the merger, AT&T (@Home's largest shareholder) changed their mind on that vision. For awhile, it wasn't clear why the two companies had even merged.

Then the "open-access" pressure set in, with ISPs demanding access to users on @Home cable systems. Against this backdrop, uncertainty and infighting at the board level made it impossible for the company to execute against the synergies that made the merger worthwhile in the first place. With the board resisting the vision of the company, Excite and @Home were effectively just two unrelated businesses stuck on the same balance sheet.

The other big problem was @Home's mishandling of Excite. When the merger was completed, Excite was cash flow positive, bringing in a lot of revenue, and very successful in the portal space, though still far behind Yahoo. In fact, for the first year or so after the merger, Excite's revenue kept afloat the cable side of the business -- the @Home part.

With Excite paying the bills, the combined company still might have been successful -- except the newly merged company chose to deploy tremendous Excite resources on building a broadband-specific version of the portal when the revenue justification was tenuous (there just weren't enough broadband users) and the board support was non-existent. This resulted in a lack of focus and a long decline of the portal in general. Spending money to build the broadband portal hurt the narrowband portal that was paying the bills. The end result was that the company had a much harder time retaining portal advertisers than their competitors. All the portals were struggling with the downturn, but only Excite was neglecting its paying customers and burning resources to build a broadband presence that hardly anyone even saw. The result was that Excite declined faster and further than did the other portals.

Without advertisers, the portal business became a big cash drain on the overall company. Of course, the long-term vision for the merger required a broadband portal, but there simply weren't enough broadband customers to justify the resources expended on the project.

But wait, it gets worse. AT&T, @Home's largest shareholder, appears to many to have acted in a way that virtually guaranteed the failure of its subsidiary. Just when things were getting bleak, AT&T sent in a team of network engineers to improve reliability, and those engineers spent literally tens of millions of @Home dollars upgrading the network, contributing to the present cash crunch. Ultimately, @Home was in such poor financial shape that it had to sell back to AT&T the very same network it had just spent money upgrading. Big corporations can be smart sometimes. And if Excite@Home files for bankruptcy, as seems inevitable, its biggest creditor is AT&T, which will effectively get the rest of the company for free.

But what part of AT&T are we even talking about? Why AT&T Broadband, the part of AT&T that is, itself, up for sale! So having assisted in the death of its subsidiary, Ma Bell probably won't even get to share in any inheritance.

Wow, that's a lot of corporate intrigue! I only know about it because I have kept a close eye on the company since meeting the Excite founders in their garage back in 1993. And no, I have no financial interest in any of the companies mentioned in this column.

There is, however, this underlying issue that the analysts, especially, seem to have missed. Excite@Home failed mainly because broadband did not grow as quickly as expected. Broadband is not, at this time, a viable industry. Let me repeat that: Broadband is not, at this time, a viable industry. So Excite@Home was doomed to fail. There was probably nothing they could have done to stop the failure. Not only were there not enough broadband portal customers, but giving 65 percent of the ISP revenue to participating cable companies meant that the high-speed ISP part of the company would have never shown a profit no matter how big it grew.


Hi Glen,

Although many undergraduate accounting programs have been shrinking in the number of majors, colleges tend not to react quickly in eliminating faculty positions. Also, there are so many specialties in accounting education, that a decline in the number of majors does not translate quickly into deleting specialty faculty. For example, a program does not drop its only NFP professor simply because the number of total majors declines. The majors that remain still need one or more NFP courses.

Doctoral graduation data can be found in the table at http://www.jrhasselback.com/jimchart.pdf 
Probably the most informative trend is the downward spiral in the supply of accounting doctorates shown at the bottom of the above table.

Jim Hasselback probably has the best set of publications predicting the increase in faculty demand due to the surge in retirements and the shrinking of supply of new doctoral graduates in accounting and finance. I suggest that you contact Jim for reprints and/or links to his various papers on this issue. Jim and his co-authors in accounting and finance warned us of pending faculty shortages long before they commenced to happen on most campuses.

Jim's homepage is at http://www.jrhasselback.com/ 
(Unfortunately, Jim does not provide a detailed listing of his many publications at that site.)

Bob Jensen

-----Original Message----- 
From: glen gray [mailto:vcact00f@CSUN.EDU]  
Sent: Saturday, September 08, 2001 11:38 AM 
To: AECM@LISTSERV.LOYOLA.EDU Subject: What am I missing?

For at least the last three years at the AAA Annual Meeting I've heard that it is a seller's market for new accounting PhD's. This year I heard the average starting salaries were in the low $90,000's, with Big-10 and other schools offering $110,000 to $130,000.

On the other hand I keep hearing (and seeing) stats that say there have been big decreases in the number of undergraduate accounting students. With a decrease in the number of undergraduate students you would think there would be a decrease in demand for accounting faculty--and a decrease in starting salaries.

So, I assume the situation is that curent accounting faculty are retiring at a faster rate than accounting student population is decreasing and faster than new accounting professors are being manufactured to replace the retiring accounting faculty.

Is my assumption correct? If not, what am I missing? Does anybody have faculty supply/demand stats?

Glen

Reply from Hammami Helmi [hammami_helmi@YAHOO.FR

Hi Glen I want to tell you that the shortage in accounting faculty may be a universal problem.

In Tunisia, we have three professors with a Phd in accounting (2 get their Phd from The US, one from Canada), although the number of students majoring in accounting is continually increasing.

The new genearation of doctorates majoring in accounting will arrive in about 2 years (if every thing goes well).

The great majority of faculty are majoring either in finance or management, so in many situations they are called to teach accounting issues. One other solution to face this lack in accounting professors is to have the CPA do the job.

so...

Helmi


By the way, Jim Hasselback compiles various faculty directories other than his well-known Accounting Faculty Directory.  See http://www.facultydirectories.com/ 


Jack Anderson's Accounting Information Finder --- http://www.umsl.edu/~anderson/accsites.htm

David Fordham's Accounting Information Finder --- http://www.uwm.edu/~ceil/accounting/ 

David Fordham's listing of Accounting Professors on the Internet --- http://www.uwm.edu/~ceil/accounting/prfonint.html 


The IRS and the U.S. Small Business Administration have pooled their resources and created a CD full of information that will help small businesses understand their federal tax requirements and also provide other essential business information. http://www.accountingweb.com/item/56469 

Bob Jensen's threads for small business are at http://www.trinity.edu/rjensen/bookbob1.htm#SmallBusiness 


Tax Software Sites, "Smart Stops on the Web," Journal of Accountancy, September 1001, p. 19 --- http://www.aicpa.org/pubs/jofa/sept2001/news_web.htm 

Online Tools

www.taxsites.com/software.html --- http://www.taxsites.com/software.html 

This site is filled with various tax software links. One of the topics, income tax preparation, has separate sections for individual filers and professional tax preparers. Other URLs connect users to software for estates, trusts and retirement, as well as for sales, payroll, 1099 and property taxes and tax planning.

Join the Club

www.1040form.com --- http://www.1040form.com/ 

This site offers users not only the chance to prepare their own returns or have them prepared but also free membership in its 1040FORM.com Club. Members can receive monthly e-mail brochures with titles such as “10 Tax Filing Tips,” “Estate Tax Rules” and “Will Your Tax Return Be Audited?” All state tax forms also are available, as well as a weekly tax tip.

Tax Software Resources

www.kentis.com/siteseeker/acctxpub.html --- http://www.kentis.com/siteseeker/acctxpub.html 

Kent Information Services, Inc., publishers of IT books and training courses for management, has compiled an alphabetical list of links to accounting and tax software publisher sites as well as listings for Web-based directories and search engines. Also available are its U.S. federal, state and international tax resources links. Users can receive a free copy of the Internet Bulletin for CPAs, which tells how the profession can benefit from the Internet.

Tax Software and More

www.taxcut.com --- http://www.taxcut.com/ 

In addition to the site’s tax software for sale, the Tax Resources section includes information on filing, forms and tax planning. Changes in the law, definitions of terms and links to similar sites also are available.

Still More Tax Software

www.quicken.com/taxes --- http://www.quicken.com/taxes/ 

Quicken’s tax page has TurboTax software for sale, but it also offers visitors extensive information on various aspects of tax preparation and filing. The Everyday Tax Tools section includes a deduction finder, tax and W4 calculators and an estimator. The Tax Information section covers topics such as rates, rules and state taxes.

Tax Applications Online

moneycentral.msn.com/tax/home.asp --- http://moneycentral.msn.com/tax/home.asp 

H&R Block’s online tax preparation program is available for either filing your own returns or having it done for you: Both options offer free state return filing. Other features include a tax estimator, related forms and publications and information on tax law changes.

Bob Jensen taxation links are at http://www.trinity.edu/rjensen/bookbob1.htm 


Bob Jensen Subscribed to Converge

Interested in how digital technology is impacting education? You might want to take a look at Converge, a magazine whose mission is to "foster this new vision of Digital Education while maintaining the Human Touch." The online version is at http://www.convergemag.com /, but if you prefer the feel of paper, take out an annual subscription, it costs absolutely nothing!

Vidya Ananthanarayanan Instructional Support Manager Extn: 7346 vanantha@trinity.edu 

Reply from Jim Richards [j.richards@MURDOCH.EDU.AU

Hi Bob, 
You are very lucky. I checked out the site and the link to International subscriptions - $US269. At the current rate that is over $A500. You guys get if for free and we have to pay. I am sure it does not cost them $US269 to ship it downunder.

Cheers.

Jim Richards Phone: (61-8) 9360 2706 School of Business Fax: (61-8) 9310 5004 Murdoch University South Street MURDOCH WA 6150 AUSTRALIA


I long for the day when hats are back in fashion
Philip Treacy London --- http://www.philiptreacy.co.uk/ 


Canadian television expands the horizons of homosexual shows in Pridevision --- http://www.pridevisiontv.com/ 


AIM Translator provides instant translation of messages in AOL Instant Messenger (AIM), and other text, in English and five major European languages. With AIM Translator you can communicate with your friends even if you don't speak each other's language. AIM Translator supports English, French, German, Italian, Russian, and Spanish --- 
http://download.cnet.com/downloads/0-1635474-100-7090270.html?tag=just_in
 

Forwarded by Scott Bonacker [scottbonacker@MOCCPA.COM

Finally a Tool that we need was released last Friday to help us with our AIM communication, it is the AIM Translator.

 Here is the description from the developer: "AIM Translator provides instant translation of messages in AIM, and other texts in major European languages. With AIM Translator you can communicate with your friends even  if you don't speak each other's language. AIM Translator supports English, French, German, Italian, Russian, Spanish languages."

 I've tried it and it's easy to install and easy to use, so there should not be any language barriers from now on.

 It can be downloaded from:

 http://download.cnet.com/downloads/0-1635474-100-7090270.html?tag=just_in .

 Pablo


Link forwarded by Vidya Ananthanarayanan
"The Crypt of Civilization," by E. Ted Fujimoto, ConvergeMag.com, August 2001
Time Capsules fascinate us human beings. The idea of preserving and passing on a glimpse of our world to people in the future is captivating --- http://www.convergemag.com/magazine/story.phtml?id=3030000000002594 

Today, a new type of time capsule is being developed -- a virtual digital time capsule. On February 4, 1999, MIT Sloan School of Management sealed a virtual digital time capsule to be opened in the year 2004. This capsule contains artifacts that shaped our digital life on the Internet and e-business, including snapshots of eBay and other prominent Web sites. What is fascinating is how short the time frame is. Jacobs' Crypt of Civilization was created to preserve items for more than 6,000 years. This new digital time capsule will be opened only five years after it was sealed. Perhaps that is an indication of just how quickly the digital world is changing. How surprised and amused will we be in 2004 when we look back on how digital life was lived, just five years earlier, in 1999? On the other hand, what we learn from time capsules of the past is the irony of what has hardly changed and what has changed drastically over time. For example, we still read newspapers and books. But we no longer spend a meager 99 cents for a gallon of milk.

If we were to create a "technology in school" time capsule that would be opened in 2015, what would we be surprised and amused by? What artifacts preserved to document how we use technology in our schools no longer exist?

Some of these items will probably no longer exist by 2015:

Computer Keyboard. We will be amused by the amount of effort it took to get information in and out of a computer, just like we are amused by the punch cards required to program a computer in the '70s.

Wires. We will be appalled by the amount of effort and money it took to "wire" our schools. Everything will be wireless. Wired computers will be as commonplace as rotary phones in our homes today.

Dial-up Internet Access. We will be appalled by the noise and slow speed we tolerated.

Boxed Software. There will be no software that must be installed from floppy disks or CDs. Instead, we will subscribe and run what we need over the Internet from centralized servers.

The Mouse. Instead of a mouse, we will be using more touch devices like touch screens, touchpads and styluses.

We will probably see more of these technologies in 2015:

Voice/Video Capture. High-capacity storage and fast wireless Internet connections will allow the recording and retrieval of voice and video from any device including the smallest cell phones and personal digital assistants (PDAs). Why type to transcribe when you can simply record and retrieve?

High-Speed Wireless Internet. No tethers. No waiting.

High-Power PDAs. These will be small enough to carry in your pocket but powerful enough to capture and edit audio/video, as well as project wall-size images. They will always be connected to the Internet.

Universal Login. We will be able to login to any Internet-enabled computer or device in the world and access our personal information and software.

Projection Displays. No more tiny PDA screens and fat computer monitors. Even our cell phones will be able to project a windshield-size image on any surface.

Subscription Software. We will acquire additional capabilities, as needed, over the Internet.

High-Capacity Storage. We will be able to store days of audio/video in something even as small as a pen.

Paper and Books. Yes, these will still be around to store information that was originally created for written form and has not yet been translated into audio/video format.

"Thinking about the educational value of computation [computer use] requires the same leap of imagination beyond its early forms as was needed to see the tiny hop of the Wright Brothers' Flyer as the start of a revolution in transportation and indeed of the world economy," said Seymour Papert, professor of learning and epistemology at the MIT Media Lab.

Let's imagine how these technologies might reveal themselves in the classroom of 2015.

* Students and teachers have low-cost PDAs that they use to access learning materials and to record class activities in project portfolios.

* Teachers can project materials onto any wall from their PDAs. Students can project reading materials from their PDAs onto their desks.

* Student records and portfolios are completely transportable with the student, from classroom to classroom, school to school and even state to state.

* Teachers can take advantage of instant video messaging to connect with their peers -- anytime, anywhere via their PDAs. Mentoring teachers can observe actual teaching-learning interactions and offer guidance.

There are many twists, turns and paths in the technology road to the future. In choosing your path, choose the right path where technology can help:

* Improve teachers' capability to deliver personalized learning to children.

* Improve teachers' expertise by connecting them with other master teachers.

* Deliver more engaging experiences to children that improve learning effectiveness.

This may all seem fanciful. Perhaps it is. But remember this note found in a Cleveland, Ohio time capsule buried in 1896. It is addressed to people in 1996: "This hundred years has given to the world the locomotive and the steamboat, the telegraph, telephone, photograph, electric light, electric motor and many other wise and beneficent discoveries. Have you invented a flying machine or found the North Pole?"


When Panasonic put a hard disc into its ReplayTV recorder, the company probably didn't intend for the unit to be hard to use. But it is-- at least for now. (A NewMedia REVIEW) http://www.newmedia.com/default.asp?articleID=3033 


Africa via PBS (Travel, Anthropology, Geography, Sociology, Photography) --- http://www.pbs.org/africa/ 


Medical, Hospital, and Health Care Data

Medicare --- http://www.medicare.gov/ 

Health Care Financing Administration --- http://www.hcfa.gov/ 

Our health care system is in need of a serious overhaul.  For a high quality book from The National Academies summarizing health care system problems and the correction alternatives, go to Crossing the Quality Chasm: A New Health System for the 21st Century --- http://www.nap.edu/books/0309072808/html/ 

Free Medical Journals.com http://www.freemedicaljournals.com/ 


Get 250 color business cards for FREE! http://businesscards.lycos.com/vp/fastpath/ 


"Ultrafast wireless technology set to lift off," CNN.com, August 30, 2001 --- http://www.cnn.com/2001/TECH/ptech/08/30/ultrafast.wireless.idg/index.html 

Ultra-wideband transmission (UWB) is almost two decades old, but is used mainly in limited radar or position-location devices. Only recently has UWB been applied to business communications. It's a different type of transmission that will lead, proponents say, to low-power, high-bandwidth and relatively simple radios for local- and personal-area network interface cards and access points. At higher power levels in the future, UWB systems could span several miles or more.

Wireless technologies such as 802.11b and short-range Bluetooth radios eventually could be replaced by UWB products that would have a throughput capacity 1,000 times greater than 802.11b (11M bit/sec). Those numbers mean UWB systems have the potential to support many more users, at much higher speeds and lower costs, than current wireless LAN systems.

There is a range of UWB vendors - not to mention academic researchers, the military, defense contractors and many others - looking to unleash UWB products. Among the best-known UWB vendors are Aether Wire and Location, Multi Spectral Solutions, Pulse-Link, Time Domain and Xtreme Spectrum. Intel has a laboratory focused on UWB research. The Ultra Wideband Working Group, a UWB advocacy organization, lists about 150 organizational members from around the world, including Compaq, Daimler Chrysler, Intersil, Lockheed Martin, Motorola and the U.S. Air Force.


The EPA tells us what's up and what's down with U.S. waters (Ecology, Environment) --- http://www.epa.gov/owow/monitoring/nationswaters/ 


Personal Finance, Fears, Taxes, and Law
Scam trusts and other information about investment trusts --- http://www.ca-probate.com/news_idx.htm 

The vast majority of Americans have high hopes for their investments, little tolerance for risk, and a lot of anxiety when it comes to their children's college savings --- http://www.smartpros.com/x30986.xml 


Companies still spend lots of money on research from analyst firms, but they're not always thrilled with the results. http://update.informationweek.com/cgi-bin4/flo?y=eEYM0BcUEY04e0R7d0Ae 


Corporate Communications and Media News --- http://www.mediamap.com/ 


The Bardahl Formula doesn't seem to have much relevance for most dot.com companies.

The Bardahl Formula is a method commonly used to substantiate reasonable accumulation of earnings by companies. You may find information on this formula at http://www.1120Accountant.com or http://www.gmco.com/management_newsletter.html

This formula adds inventory turnover and accounts receivable turnover and subtracts accounts payable turnover to calculate a net operating cycle ratio. The total annual cash operating expenses are multiplied by this ratio to calculate the company's operating needs. A tax may then be imposed on any excess.

Patrick Charles charlesp@cwdom.dm 


I am still grateful to David Ziebart for leading me on a tour through "The VR Cave" on the campus of the University of Illinois.  I was impressed beyond words.

"The Virtual Voyager," by Paroma Basu, Technology Review, September 5, 2001 --- http://www.techreview.com/web/basu/basu090501.asp 

I am feeling very small as I tread cautiously through a human artery. A track unfolds ahead of me, and as I follow it I notice a stream of brown blood silently flowing toward me. A steady thump makes me aware of how close I must be to a beating heart. The blood swirls as I come to a fork in the road.

I go left, walk a few steps, and crash.

I rip off my 3-D glasses and find my nose pressed up against a white wall. I am in an eight-foot cube, with screens on three walls and another one below my feet.

Watching the River Flow

This is the virtual-reality "cave" at Brown University's Center for Advanced Scientific Computation and Visualization. Big cathode-ray projectors fed by powerful computers cast high-resolution 3-D images onto the three walls and the floor.

Modeling blood flow is just one application of this immersive technology. Besides medical imaging, Brown's virtual cave is used for simulations in fields as diverse as archaeology and studio art.

"The cave is sort of like the holodek in Star Trek, except you can't touch anything," quips David Laidlaw, cave curator and assistant professor of computer science.

When I put the stereo glasses on again, I am re-immersed in a virtual blood vessel. What I see moves and changes as I shift my gaze. Thanks to a liquid-crystal panel on the glasses I'm wearing, the computer is tracking even the smallest movements of my head.

"Standing here inside the artery is an unusual point of view," remarks Andrew Forsberg, reading my mind.

Forsberg co-wrote the simulation to help medical researchers investigate problems like the speed of blood flow around a coronary bypass, the consequences of inserting the bypass at a different location in the artery and the effect of blood flow on plaque formations.

"This is just another way to simulate fluid flow," he says. "We're trying to explore how being immersed in the flow might help us to learn about these problems."

Seeing into the Past

And now, far away from the complexities of medical imaging, I am strolling through the ancient ruins of Petra, in Jordan. I wander past richly textured Roman columns and enter the Great Temple, which once spanned the length of three football fields.

The remainder of the article is at  http://www.techreview.com/web/basu/basu090501.asp  


Personal Finance
Peter Marino provides some helpful hints that apply when working with clients who are considering refinancing their mortgages. http://www.accountingweb.com/item/56190 


A popular online bulletin board at the Huazhong University of Science and Technology is yanked because of postings about the Tiananmen Square incident --- http://www.wired.com/news/politics/0,1283,46547,00.html 


International Etiquette
Sue Fox's guide to good business etiquette deals with e-mail challenges to entertaining foreign clients. It shows you how to behave professionally in any situation, avoiding embarrassment and learning to handle communication more effectively. This book offers a clear, concise format with a dash of humor. http://www.amazon.com/exec/obidos/ASIN/0764552821/accountingweb 


Merchant Ivory Productions (an interesting site on history and moviemaking) --- http://www.merchantivory.com/ 


AccountingWEB has prepared a quick and easy jump off page for those of you who want to keep up with the developments on the AICPA's proposed Global Business Credential ---  http://www.accountingweb.com/item/56555 


The first Big 5 public accounting firm to open a law office now is going into investment banking.
Big Five firm Ernst & Young has launched a new corporate finance division, called Ernst & Young Corporate Finance LLC. Staffed by more than 200 bankers, the division is spread over 14 offices nationwide with headquarters in New York. http://www.accountingweb.com/item/57027 


A robot that performs brain surgery has been developed by British scientists --- http://www.wired.com/news/technology/0,1282,46552,00.html 

"PathFinder is the first robot with the intelligence to map-read a patient's skull from a scanner image," said Patrick Finlay, Armstrong's managing director.

"It is designed to provide the neurosurgeon with a precision-positioning device, which is safe and simple to use in increasingly complex procedures."

The surgeon instructs the robot by marking a target and an approach path on the patient's scan. The robot carries a camera that automatically matches the scanner image to the position of the patient's head on the operating table.

The surgeon makes a tiny hole at the entry point in the skull, and the robot then gently advances an instrument through the hole to the chosen target.

The robot is about to start a program of clinical trials at Queens Medical Centre, Nottingham.

Paul Byrnes, consultant neurosurgeon at Queen's Medical Centre said: "This development is a step forward in surgery, and should make difficult operations easier to bear. It should improve the prospects of treatment for certain categories of patients, and I am looking forward to evaluating it."

See also:
Machines in the Myths: The State of Artificial Intelligence
People Make the Best Robots
Making HAL Your Pal
Battlin' Bots: Now That's Comedy
RoboCup: Where Bots Kick Butt


News About Writers
MobyLives.com --- http://www.mobylives.com/ 

News for Writers
Writers University --- http://writersu.s5.com/ 


From InformationWeek Daily on September 4, 2001

Engineers at AT&T Labs are designing a system that will insert an audio watermark into computerized voices, adding high- and low-frequency tones that can't be heard by the human ear. When analyzed by another computer, the tones would not only identify the voice as artificial, but would indicate its creator and owner. Lab researcher Mark Beutnagel says that should help address the concerns of companies that want to protect their investments.

But businesses aren't the only ones worrying about voice theft. The ever-increasing quality of synthesized speech threatens to make it possible to simulate voices so perfectly that they could recreate an actual person's voice. Giga Information Group director Elizabeth Herrell says the production of perfect copies that can fool the ear isn't far away. Imagine a tech-savvy criminal using a computerized version of your voice to impersonate you to find out personal information. Herrell says one solution to that problem could come from biometrics technology, the use of computerized voice maps to identify people. While speech synthesizers may soon be able to fool the ear, she says, existing speech-verification software can identify a voice far more accurately. - David M. Ewalt

For related coverage, see Oracle Adding Voice Access To Products http://update.informationweek.com/cgi-bin4/flo?y=eEVK0BcUEY0V20Qnr0AQ 

 


From Syllabus News on September 4, 2001

Multimedia Editing on the Windows 2000 Desktop

Contour Design has announced the release of the ShuttlePRO multimedia controller for Windows 2000. The USB-based ShuttlePRO has thirteen buttons, a jog wheel, and a shuttle knob that are fully programmable to any keyboard shortcut. The "shuttle knob" is the outer ring that facilitates fast forward and rewind for quick access of digital frames. The "jog wheel" is the internal portion of the knob, which pro- vides precise frame-by-frame control. The device is supplied with easy to use software that allows users to customize the device for their favorite audio, video, and multimedia applications. The ShuttlePRO comes with application settings for video editing software applications including Premiere, Cubase, Boris RED, After Effects, ProTools, VideoStudio, MediaStudio Pro, VideoWave, among others.

For more information, visit http://www.contourdesign.com


I am thinking about it at http://www.satellites-unlimited.com/sont60tivsys.html 

Bob,

It sounds like you would be an ideal candidate for the TIVO system or one of its competitors. I do not have one, but from what I hear, people who do have it swear by it. Given your love for gadgets, maybe you can put it on your Christmas wish list.

Jim Borden 
Villanova University


They dare you to compare their prices 
Savon.com --- http://www.sav-ondrugs.com/default.asp 


Salmon:  Spirit of Land and Sea (Nature, Ecosystem, Rainforest, Biology, Canada) --- http://www.oneworldjourneys.com/salmon/index.html 

The Pacific Northwest salmon blaze a silver-and-crimson course through our oceans, our streams, and our forests, giving life in much the same way as the blood pulsing through our veins. The salmon is a crucial source of nutrients for plants, animals, and humans. The annual pilgrimage of the wild salmon to spawning grounds is a time for celebration. Join the One World Journeys team along with nature photographer Natalie Fobes, author Susan Zwinger, conservationists Ian and Karen McAllister aboard the Explorer as we travel the coastal waters of Alaska and British Columbia.

On this 10-day expedition, we enter the Great Bear Rainforest in search of the rare Kermode or "Spirit" bear. Explore with us as we document orca whales, grizzly bears, and other wildlife dependent upon the salmon's annual migration. Send us an email during the live expedition with your questions about salmon.

Discover how the salmon embodies the spirit of land and sea in the Pacific Northwest. Take a journey now and learn how the remarkable salmon is a critical link in the health of an entire ecosystem.


"Security danger found in web postings," by Will Knight. NewScientist.com, August 31, 2001 --- http://www.newscientist.com/news/news.jsp?id=ns99991221 

A new way to highjack internet sites to attack individual web users, with just a single line of code, has been discovered by a US researcher.

The trick uses Cross Site Scripting (CSS), a technique identified by security experts in 1997. This exploits the ability of internet sites and web applications to contain embedded scripts and links to other web pages in order to execute dangerous code.

The new trick was discovered by Jeremiah Grossman, a consultant for US company Whitehat Security. He found that just one line of code was enough to fool many web sites into running rogue code.

Among these sites was Microsoft's popular web email service Hotmail, as well as other undisclosed commercial web sites. The administrators of these sites were informed and created a fix for the problem before it was made public, but Grossman says that the vulnerability may be widespread.

"Web application developers and security engineers are urged to check and update their current HTML filters in all HTML-aware web applications," says Grossman in a security announcement. "This includes web mail, on-line auctions, message boards, HTML chats and guest books."

Clear and present danger

Some computer experts say that the flaw is serious but does not represent a major threat to most users because it involves targeting an individual. "CSS is certainly a problem," says David Litchfield, a security consultant with US firm @Stake. "But I don't suppose that many people have been affected by it so far."

Others are more worried. Gunter Ollman, of Internet Security Systems, believes that the ever-increasing functionality of many web sites will make this sort of problem more common in the future. "As everything starts joining together, the likelihood of this happening will increase, as will the ease of doing it," he told New Scientist.

The scam uncovered by Grossman employs Cross Site Scripting to execute code that would normally be blocked by a web server's security filters. By encoding a customised piece of code and a link to an external site into a web site posting, Grossman found it is possible to steal files from an unwitting user's personal computer.

The technique could potentially be used to grab cookies, the files that allow someone to return to a site without a password and can give access to email accounts or online credit card details.


From Kodak@Magazine (History of Warfare Aircraft that lie in the Arizona desert, Photography, Audio) --- http://www.kodak.com/US/en/corp/features/sleepingGiants/ 


I liked this editorial by Bob Evans in Information Week's Between the Lines on September 5, 2001

Business Technology: Partly Right, All Wrong?

I think it was the columnist George Will who, about 20 years ago, coined the term "the indignance industry" to describe a rather large bloc of Americans who were always chafing about the imperfections of life and, oh, the unfairness of it all. And I'd rather not have anyone conclude, by virtue of the nature of the poem in the following column, that I'm a charter member of such an outfit.

Quite the contrary: We all should offer a certain level of tolerance to people who are trying to see and feel the future, or even the present: Are we in a recession, or aren't we? Are you better off now than you were two years ago? Is the technology industry about to unleash a new wave of innovative, highly valuable and relevant products and services, or are we having leftovers for the next 18 months?

Into the breach march the analyst firms, armed with limited quantities of research from which they massively extrapolate trends, scenarios, best and worst cases, quadrants, Venn diagrams, clouds, ratings and rankings and rantings, conclusions, eureka moments, and lots of three-letter acronyms.

Consider a handful of efforts from some pretty well-known and successful research organizations to name and define the space that InformationWeek has been calling collaborative business:

- From Gartner, "Collaborative Commerce (C-Commerce): The process that harnesses the full power of the Internet to gain revenue and profit improvement by going beyond rigid supply-chain models and simple information-sharing."

- From Forrester Research, "XRM (eXtended Relationship Management): Networked collaboration between multiple firms to manage supply and demand."

- From AMR Research, "ECM (Enterprise Commerce Management) is a blueprint to help companies identify, evaluate, and map the critical applications, business processes, and technologies they need to support their employees, customers, and suppliers."

- From Business Week (not exactly a research outfit; let's call them observers): "Collaborative technologies" are "perhaps the most important trend in business E-commerce."

- From Goldman Sachs, "I-OPS (Industry Operating Systems): Internet-based software platforms that enable organizations to reduce the cost of automating their processes by relocating functionality from their enterprise networks to the Internet and sharing multi-enterprise software functionality with other organizations."

To borrow a line from the poem: Which of these are partly in the right, and which are in the wrong? Which really sees what's going on? Are they accurate descriptions? Are the perspectives right? Will IT vendors try to steer you toward following some of these tortured naming schemes? Are you most concerned about the wall, the spear, the snake, the tree, the fan, or the rope--or the whole elephant?

Indignance has its price. I promise next week to offer my own definition of collaborative business, and we shall, uh, see what we shall see.

American poet John Godfrey Saxe (1816-1887) based the following poem on a fable, which was told in India many years ago.

It was six men of Indostan 
To learning much inclined, 
Who went to see the Elephant 
(Though all of them were blind), 
That each by observation 
Might satisfy his mind

The First approached the Elephant, 
And happening to fall 
Against his broad and sturdy side, 
At once began to bawl: 
"God bless me! but the Elephant 
Is very like a wall!"

The Second, feeling of the tusk, 
Cried, "Ho! what have we here 
So very round and smooth and sharp? 
To me 'tis mighty clear 
This wonder of an 
Elephant Is very like a spear!"

The Third approached the animal, 
And happening to take 
The squirming trunk within his hands, 
Thus boldly up and spake: 
"I see," quoth he, "the Elephant 
Is very like a snake!"

The Fourth reached out an eager hand, 
And felt about the knee. 
"What most this wondrous beast is like 
Is mighty plain," quoth he; "
'Tis clear enough the Elephant 
Is very like a tree!"

The Fifth, who chanced to touch the ear, 
Said: "E'en the blindest man 
Can tell what this resembles most; 
Deny the fact who can 
This marvel of an Elephant 
Is very like a fan!"

The Sixth no sooner had begun 
About the beast to grope, 
Than, seizing on the swinging tail 
That fell within his scope, 
"I see," quoth he, "the Elephant 
Is very like a rope!"

And so these men of Indostan 
Disputed loud and long, 
Each in his own opinion 
Exceeding stiff and strong, 
Though each was partly in the right, 
And all were in the wrong!

Moral:

So oft in theologic wars, 
The disputants, I ween, 
Rail on in utter ignorance 
Of what each other mean, 
And prate about an Elephant 
Not one of them has seen!

-Bob Evans is editor-in-chief of InformationWeek
E-mail him at mailto:bevans@cmp.com  . 
You can join in on the discussion about this column at http://update.informationweek.com/cgi-bin4/flo?y=eEVP0BcUEY0V10NvU0A5 


The September 2001 issue of the Journal of Accountancy contains a "Special Report" that is largely part of a publicity campaign to convince CPAs that another "XYZ" credential is badly needed in the changing world of accountancy and global information --- http://www.aicpa.org/pubs/jofa/sept2001/gbcindex.htm 

This is a hotly contested issue, and one of the real sticking points is whether holders of the new credential, by whatever name, must first be licensed CPAs.  

I must admit that leaders in the public accountancy profession are making a strong case for some other type of global credential.  I just hope it is not called "cognitor."

Ed Scribner wrote a fable called "The Trusted Professional" at http://www.nysscpa.org/trustedprof/0801/1Tp6a.htm 

Bob Jensen wrote a fable called "CPA:  Career Passed Away" at http://www.trinity.edu/rjensen/cpaaway.htm


Probably the most serious problem facing the public accountancy profession is how to conduct financial audits in a paperless world of global financial transactions.  Computers and computer networking add an immense layer of mystery and complexity while, at the same time, take away traditional evidence trails used by auditors.  CPA's are scratching their heads over how to audit the maze of wires inside and outside the "black boxes."

The new SAS No. 94 issues by the AICPA addresses the problem of auditing information technology.  See "IT and the Audit," by George H. Tucker, Journal of Accountancy, September 2001, pp. 41-43 --- http://www.aicpa.org/pubs/jofa/sept2001/tucker.htm 

EXECUTIVE SUMMARY
TO HELP AUDITORS COPE WITH THE ISSUES surrounding the explosive growth in information technology use, the ASB issued SAS no. 94, The Effect of Information Technology on the Auditor’s Consideration of Internal Control in a Financial Statement Audit.

SAS NO. 94 PROVIDES AUDITORS WITH GUIDANCE on IT’s effect on internal control and on the auditor’s understanding of internal control and the assessment of control risk. It amends SAS no. 55, Consideration of Internal Control in a Financial Statement Audit.

SAS NO. 94 ACKNOWLEDGES THAT IT USE presents benefits as well as risks to an entity’s internal control. An auditor’s clients use IT to achieve their objectives, such use affects internal control and the auditor should expect to encounter IT systems and electronic records rather than paper documents.

AN ENTITY’S IT USE MAY BE SO SIGNIFICANT that the quality of the audit evidence available to the auditor will depend on the controls the business maintains over its accuracy and completeness.

IT HAS HAD A MAJOR INFLUENCE ON THE PROCESS companies use to prepare their financial statements. SAS no. 94 clarifies the nature of the understanding of the financial reporting process the auditor should obtain. Auditors should understand the automated and manual procedures an entity uses to prepare its financial statements and related disclosures and how misstatements might occur.

GEORGE H. TUCKER, CPA, is a partner with Ernst & Young LLP in Cleveland. He was chairman of the AICPA task force that drafted SAS no. 94. His e-mail address is george.tucker@ey.com.

 


Mahatma Gandhi fought for the freedom of his country. Now his great-grandson is fighting to convince citizens of India to rally around its country's Internet suffix --- http://www.wired.com/news/culture/0,1284,46339,00.html 


Did you know that after December 2001 DOS, Win3x, and Windows 95 will no longer be supported by Microsoft? Apparently it won't be a good idea to use them in a networked environment very soon now or possibly standalone either.

http://www.informationweek.com/thisweek/story/IWK20010831S0009?section=opinion  
Scott Bonacker, CPA McCullough, Officer & Company, LLC Springfield, Missouri moccpa.com


Dear Professor Jensen,

I am part of the HR group at Koch Industries, Inc.( http://www.kochind.com  ) and am writing to ask for your assistance.

Because of your knowledge of current accounting students, as well as your contacts with accounting related organizations on campus, I am hoping you might be able to assist me in getting the word out about our online Accounting Quiz contest.

Eligibilty is pretty simple - either be currently attending or have graduated with an accounting degree in the last two years. The winner will receive a Palm Vx Handheld. The Quiz consists of 10 multiple choice questions geared to test the student's knowledge of accounting principles and procedures. Here is a link to the quiz ( http://www.kochcareers.com/College_Recruiting/default2.asp  )

Any help you can give me in either forwarding this message to potential campus groups, or suggesting individuals to contact, would be appreciated. CONTEST ENDS OCT. 5, 2001.

Best wishes,

Sheri Burrell Koch Industries, Inc. 316-828-7166 college@kochind.com 


I still have recurring nightmares.
Fear of Physics --- http://www.fearofphysics.com/ 
(Some faculty members in the Department of Physics at Trinity University tell me that what they fear the most is that users will not be aware of the errors in physics made at the above site.)

If you are listening Amy Dunbar, how about a new site on "Fear of Income Taxation?"  We can count on your not making so many errors.


"Face morphing could catch criminals," by Damian Carrington, New Scientist, September 4, 2001 --- http://www.newscientist.com/news/news.jsp?id=ns99991236 

Computer morphing e-fit faces created by several witnesses to a crime together can increase the accuracy of the final image, new experiments show.

Peter Hancock at the University of Stirling, Scotland used software to blend four versions of a famous face, each created by a "witness". When subjects were given a list of six names to choose from, they recognised the composite 93 per cent of the time. Recognition of single images varied from 53 to 78 percent.

"The idea behind it is that each face captures some aspect of the real face," says Hancock. "But adding them all together should allow the common aspects to come through and the independent variations to cancel out."

Professor David Perrett from the University of Saint Andrews told New Scientist: "It's very clever." He says the logic of averaging out "noise" from witnesses who may have only briefly seen a face is sound. "It goes back 100 years to Galton's work in which he tried to create an average criminal face."

However, a change in UK police regulations is needed if morphing is to be used. Currently information from different witnesses cannot be combined because if the witness is required in court they can only present their own evidence.

"Offspring" faces

Hancock is also working on a system of evolving faces, to allow an individual to create a better e-fit. He says Pro-fit, currently used by police to create images does not work that well because we do not recognise faces by assembling individual features.

His system, Evofit, creates random variations of a witness's first attempt to create "offspring" faces. The witness chooses the best of these and repeats the process, perhaps four times, until the best images has evolved.


Free software for converting picture files into icons

Enrique,

Try the program Irfanview, available for free at http://www.irfanview.com/ . It supports both file extensions. The program has a great screen capture and slide show feature as well. Enjoy.

Neal

Neal Hannon 
Bryant College

----- Original Message ----- From: Enrique Villanueva To: AECM@LISTSERV.LOYOLA.EDU Sent: Tuesday, September 04, 2001 1:58 PM

Hi there AECMers!

I need to turn a .jpg file into an icon file (.ico). I wonder if anyone of the AECMers could be smart enough to help me.

Thanks.


Hi George,

Timing of a computer purchase generally leads to paranoia, especially regarding whether to wait for the next new features on the horizon. I am planning to purchase both a new PC and a new laptop. Especially with respect to the PC, however, I've decided to wait until Windows XP has been thoroughly tested and comes pre-installed in the new computer. Waiting for Windows XP in laptops, however, may be longer than I can wait for a new laptop.

I doubt whether you can get expert advice without knowing the specifics of the extended warranty plan. In general, I think extended warranties are probably a good idea, because survey's show that a computer is the home electrical appliance most likely to need annual repairs.

A lot depends upon how much you spend initially. For example, a cheap Dell Computer, such as a Dell Dimension, is much more likely to give out than a top-of-the-line Dell purchased at a premium price. The high-priced models have more reliable parts.

It would be nice to conclude that cheap computers (e.g., systems now selling for under $1,000) are like toasters where it takes too much money and trouble to repair them --- just toss them out and by new ones if the fail. But the toaster-computer analogy does not hold up very well. You can plug a new toaster in the wall and make toast instantly. A new computer takes a lot of nurturing with software installation. accessory hardware, networking connections, etc. Your new computer just does not instantly replace the old system that you've become comfortable with for the past few years.

Some common sense advice regarding warranties can be found at http://www.fairtrading.wa.gov.au/consumers/shopping/buying_computer/warranties.shtml 

I most certainly recommend that you read "When Shopping for a PC, Be on Guard for Little Lies," by Walter S. Mossbert, The Wall Street Journal, January 18, 2001.

****************************************************************************************

Here are 10 little lies told by computer makers and retailers:

1. Memory: Many lower-priced machines don't actually deliver the full 64 or 128 megabytes of memory, or RAM, they claim. That's because they siphon off a lot of memory to power the video processor, which on costlier models has its own, separate, store of memory. A PC with 64 megabytes of such "shared" memory may have only 54 or 60 megabytes for use by programs at any one time.

2. Internet Readiness: Lots of machines are described as "Internet-ready." But these days few of them are really any more Internet-capable than any others. All have modems, and many have Ethernet ports that let you plug in a cable or DSL modem. On Windows machines, it's the operating system that really controls the way you hook up to the Net, and they all share that. An Internet button on the keyboard is just a convenience, not a necessity for Internet connections.

3. Screen Size: Standard monitors never deliver the screen sizes they tout. If a monitor is advertised as having a 17-inch screen, measured diagonally, it will usually display an image of only about 16 inches. A 15-inch monitor shows a 14-inch image. That's because the actual image is surrounded by a useless black border, like on a TV. The ads' fine print often discloses the real size as VIS, or Visual Image Size. The anomaly doesn't occur on flat-panel monitors, which have no border.

4. Laptop Weight: Many laptop makers state the weight of their laptops in an unrealistic and misleading manner, assuming, for instance, that you'll be replacing an internal CD-ROM drive with a flimsy, cosmetic "travel panel." They also usually leave out the weight of the electrical adapter. For instance, IBM advertises its T-21 laptop as weighing 4.7 pounds, but it's really 5.3 pounds with the CD-ROM drive, which is one of the machine's most important features.

5. Battery Life: Laptop makers use a variety of methods to figure out battery life, but one thing is clear: The claims are almost always overstated. They often seem to assume a light-duty work pattern and severe power-management controls, like keeping the screen so dim that only a nocturnal creature could view it.

6. CD-ROM Speed: CD-ROMs are often rated as running at speeds like 32X and 40X, where X is the speed of a standard audio CD player. But such figures are misleading for two reasons. First, CD-ROM software and audio CDs won't play any faster at 40X than at 8X, the highest speed most require. Second, a high speed is usually attainable only when retrieving data from certain parts of a CD. The overall average speed is usually much lower.

If you have a question you want answered, or any other comment or suggestion about Walter S. Mossberg's column, please send e-mail to mossberg@wsj.com

7. Printer Speed: Printer makers always claim a certain speed, in pages per minute, for black and color printing. But they don't tell you -- except deep into their marketing materials, in tiny type -- that these speeds refer to printing at the machines' draft or economy settings, which produce the worst output and aren't commonly used. For instance, the Hewlett-Packard DeskJet 990C printer claims a black speed of 17 ppm and a color speed of 13 ppm. But at the normal print setting, these speeds drop to 6.5 ppm and 5 ppm, respectively.

8. High-Speed Modems: Many computers are said to include "high-speed V.90 modems." But these are just dial-up phone modems, and they are actually quite slow, compared with today's broadband speeds. They are all rated at the same maximum theoretical speed: 56 kilobits a second. In fact, most can't average much better than 44 kbps. That's pretty pokey.

9. On-Site Warranties: If a computer maker or store tries to sell you an "on-site" warranty, beware. They will, indeed, come to your site to fix your machine, but only as a last resort. Usually, they will force you to go through an exhausting and frustrating process of trying to diagnose the problem yourself before they'll even consider dispatching a technician. I've heard of users being required to spend hours on the phone stripping down machines, or even reformatting a hard disk, before the company will send a technician.

10. Bundled Software: Some computer makers and stores try to dazzle you with lists of software programs included on the PC. But in many cases, these are special "light" versions of the retail software, minus some features and often lacking manuals.

****************************************************************************************

Bob Jensen

-----Original Message----- 
From: George Lan, 
University of Windsor [mailto:glan@SERVER.UWINDSOR.CA]  
Sent: Saturday, September 08, 2001 6:43 AM 
To: AECM@LISTSERV.LOYOLA.EDU Subject: Bizarre coincidence or Computer intuition?

I decided this past week to replace my old home computer system (a 486 which I purchased in 1994 and upgraded to a Pentium 150 about 3 years ago). Before I could get the new system fully installed, the old one, which has Windows 95 and has served me well for many years suddenly crashed. Was that just coincidence or a case of the computer sensing that it's going to be replaced and decide to do the dumping first (a la Hal)? :-) . Fortunately, I have back up copies of all the important files, or think I have- going through the diskettes will be no easy chore!

On a more serious thread, the "rather persuasive" salesman convinced me to purchase a 4 year extended warranty on the CPU and monitor and was wondering whether this added expenditure is worth it? Most households probably have more than one computer system now and the added warranties could amount to a substantial amount. I definitely expect to get more than 3 years service from my computer system.

George Lan University of Windsor

 


Dear Valued Expert Choice Customer, 

We are excited to announce the release of the 903.05 update for Expert Choice 2000! This update improves and expands upon the great features in Expert Choice 2000.

The 903.05 update is a collection of updates that fix issues in Expert Choice 2000. Download the update now at: http://expertchoice.com/download/Default.htm#updates 

If you have not yet upgraded to Expert Choice 2000, click here for a product brief: http://expertchoice.com/productbrief/ . You can also contact a sales representative directly to see how Expert Choice can work for you at sales@expertchoice.com .

Expert Choice Support Team support@expertchoice.com 


Having lived on the ocean in Maine for ten years, I had to drool over this one.

The latest lesson from our "Cooking with The Times" series explains how to buy the best possible lobster and then how to dispatch it humanely. After that, of course, comes the fun part. We have prepared a simple, boiled lobster with a citrus dipping sauce, a lobster fricassee, a lobster bisque and a lobster butter, which can be used as a tasty addition to your favorite fish recipe. http://www.nytimes.com/library/dining/cooking?rd=hcmcp?p=03qlP03qj54C77$012000mn6L4n6GD 


The most recent census report shows that 42 percent of American households are connected to the Internet, and people want to get connected faster --- http://www.wired.com/news/culture/0,1284,46582,00.html 

Bob Jensen's threads on Internet statistics are at http://www.trinity.edu/rjensen/bookbob4.htm 


While trying to discover whether my trash would be picked up on Labor Day, it dawned on me that other Trinity University staff, especially new arrivals in San Antonio, might appreciate the following links to the City of San Antonio, Bexar County, and local Federal services.

City of San Antonio Services--- http://www.ci.sat.tx.us/services/ 

Note that in many instances such a the Garbage Pickup Holiday Schedule, you do not have to use the phone number provided if you click on the hot link (e.g., http://www.ci.sat.tx.us/pubwrks/swaste.htm  )
By the way, I suggest that you print the above Holiday Schedule and tack it up beside where you keep your trash cans.

San Antonio City Government Website --- http://www.ci.sat.tx.us/ 

Bexar County information is provided at http://members.tripod.com/proagency/bexarcounty.html 

Bexar Counting Property Owner Search Site --- http://www.bcad.org/property.htm 

School Districts in Bexar County --- http://penick.tea.state.tx.us/SchoolDistrictLocator/counties/r20/bexar.htm 

The Alamo Federal Executive Board exists to provide closer cooperation with local civilian and military organizations. As a regional HUB for all government activity --- http://www.sanantonio.feb.gov/ 


The hottest trend in fashion right now is clothes with lots of big pockets to stash electronic gadgets. Check out our fall fashion special, which also includes some hot new toys to put in all the extra pockets --- http://www.wired.com/news/school/0,1383,46034,00.html 


Yawn!
McSweeney's: Weekly NFL Picks --- http://www.mcsweeneys.net/links/picks/ 


From Fathom News on September 6, 2001


An American-Mongolian research team has discovered an enclave of tombs, apparently associated with persons of high status, near Genghis Khan's probable birthplace. John Woods, Professor of History at the University of Chicago and U.S. Academic Director for the Genghis Khan Geo-Historical Expedition, and Professor Sh. Bira, the chief Mongolian academic for the expedition and Secretary General of the International Association for Mongolian Studies, plan to explore the site further with additional experts in archaeology and Central Asian history.

Genghis Khan, emperor of the Mongols from 1206 to his death in 1227, has become a kind of "cult figure" in Mongolia since the early 1990s, according to Columbia professor Morris Rossabi. In the Fathom feature "The Land of Genghis Khan," Rossabi explains the leader's lingering influence: "Genghis Khan's greatest contribution, and the reason he is remembered, is that he unified the Mongols..." http://www.fathom.com/story/story.jhtml?story_id=35243&cid=00042 


The United Nations World Conference Against Racism scrambled to formulate a resolution after the United States and Israel withdrew their participation on September 3. The UN conference, which was intended to bring together nations from around the world in a unified position against racism, has been sharply divided from the start by accusations of Zionism's racist practices as well as the debate over reparations for slavery.

Columbia University political scientist and historian Manning Marable attended the controversial conference in Durban, South Africa, to speak about "Structural Racism and American Democracy." In "Race and Racism in America," an interview on Fathom, Dr. Marable, the director of Columbia's Institute for Research in African-American Studies, discusses the history of racial identity in America and the role of African American studies in higher education: http://www.fathom.com/story/story.jhtml?story_id=35588&cid=000411 


Walt Disney and the News Corporation are joining forces to create Movies.com, an Internet video-on-demand service. The announcement follows on the heels of a joint venture created by MGM Studios, Paramount Pictures, Sony Pictures, Universal Studios and Warner Bros. to create the first on-demand movie service for broadband Internet users in the United States. With more than 10 million broadband households and nearly 35 million broadband-enabled screens, studio executives say the market is ready for these new digital distribution outlets.

Many independent film and production companies are already taking advantage of online distribution options. "Integrating the Internet and Filmmaking," a panel discussion from American Film Institute's Digital Symposium available on Fathom, brings you expert analysis of emerging technologies and the current market from pioneers in the field of streaming media. http://www.fathom.com/story/story.jhtml?story_id=121899&cid=000406 


The Fathom Knowledge Portal is at http://www.fathom.com/ 

You can hear Mike Kirschenheiter discuss Fathom at http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm 


Asian American Donor Program (Medicine, Biology) --- http://www.aadp.org/ 


Science Resources
SciTechResources.gov  --- http://www.scitechresources.gov 


Accenture next week will launch a hosted service offering targeting telcos, cable companies and ISPs that provides integrated customer care and billing. http://cgi.zdnet.com/slink?137272:2700840 


Stefan Fatsis says that he began his new book, "Word Freak," as "innocent reportorial exploration" of the subculture of tournament Scrabble. But soon, he found himself "completely hooked on the idea of trying to become" a competitive player himself. http://www.nytimes.com/books/01/08/26/lifetimes/audio-fatsis.html?rd=hcmcp?p=03qkB03qj54C77$012000mn6L4n6GD 


Hi Bob,

I'm happy to report the launch of the new version of The Net Economy Online -- a redesign of the Web version of The Net Economy, Ziff Davis Media's telecommunications-industry magazine. Click here now to visit:

http://theneteconomy-announce.com/cgi-bin10/flo?y=eKkt0B8v1p0FcJ0Md70Az 

In the year since the launch of the magazine and the site, we've studied the latest available technology with an eye toward the best possible platform for our publication. The new technology and design give us a fast, flexible platform on which to bring you our analysis of communications-related technology and business.

Here are some of the things I think you'll like about the new TNE Online:

*The new design gives you fast navigation between TNE Online and the other Ziff Davis Media Web sites, including Interactive Week, PC Magazine, CIO Insight, Smart Business, Smart Partner, ExtremeTech, eWeek and Yahoo! Internet Life.

*A new, AltaVista-powered search engine allows you to quickly search throughout not only TNE Online but all the Ziff Davis Media sites. The engine rapidly generates lists of stories based on your search, sensibly breaking them down into news and commentary. Search one magazine or search all -- you have years of Ziff Davis Media expertise at your fingertips.

*A new, graphical table of contents gives you fast access to every print issue of The Net Economy. Quickly find any article we've printed since our first issue, or browse the issues at your leisure to spot any articles you missed. Images of The Net Economy's striking covers allow you to navigate rapidly to the issue you want.

*A flexible subscription system allows you to sign up for our popular e-newsletters: The Carol Wilson Report, Joe McGarvey's Optical Networking Letter and Network Services from Paul Coe Clark III. These newsletters bring you fresh, independently written commentary on the business, technology and politics of telecommunications from Carol, Joe and myself. Also, we've started a new letter, the Net Economy Update, all about what's new on the site every week.

*A new site design lets us package relevant news, commentary and industry interviews in accessible, legible formats to make your reading experience better.

I hope you enjoy the new site. Your suggestions are always welcome, and will be incorporated into our product as we develop and flesh out the site.

Yours,

Paul Coe Clark III Online Editor


Microsoft Research continues to play a vital role in the company's success, say executives at the company's Future Forum. http://cgi.zdnet.com/slink?136639:2700840 


Forecast of the Future of Technology in Education

Technology Source, a free, refereed, e-journal at http://horizon.unc.edu/TS/default.asp?show=issue&id=44 

IN THE SEPTEMBER/OCTOBER 2001 ISSUE        

Editor James Morrison forecasts that when historians look back at higher education in the year 2050, they may well view the advent of virtual universities as having had as great an impact on American higher education as did the land grant act of 1864 and the GI Bill. Michigan Virtual University's dynamic president, David Spencer, adds credence to this forecast as he describes the programs and projects that MVU has already implemented since its founding in 1998.

Wallace Hannum provides an account of the Carolina On-Line Teachers (COLT) program, a professional development program recently created by the University of North Carolina School of Education. The COLT program gives K-12 teachers the chance to cultivate their skills in Internet-based instruction, to develop their own online courses, and to serve as mentors for future participants in the program. While in its inaugural year COLT faced obstacles--software challenges, difficulty in establishing group projects, and time constraints for both coordinators and participants--the program, Hannum asserts, promises to have a long-ranging impact on North Carolina education as a whole.

Offering a vantage point from within the school system of Victoria, Australia, David Gurr discusses his interviews with 21 school principals regarding the effect of information and communication technology (ICT) on their schools. In his commentary Gurr underscores three main issues for principals: their own need to develop the technical skills to use ICT; the qualitative transformation of their daily work experience; and the impact of ICT on the teaching and learning environment of their schools.

In their commentary, Stephen Ruth and Jiwan Giri stress the need for an effective, two-dimensional field model for comparing distance-learning programs, and propose a model of their own. Through this model, one may chart a given program through two variables that designate the roles of instructional technology ("tech") and personal interaction with the instructor ("touch"). Ruth and Giri generate nine categories based on these variables, defining each category and providing examples of institutions that fall under each category. They propose that their model may not only be helpful to researchers, but also to administrators who want to make gradual, cost-effective changes in the structure of their programs.

In a commentary on the role of technology in education reform, Frederick Bennett attempts to diagnose the limited results of recent initiatives: why has the computerized classroom not resulted in higher test scores for K-12 students? The problem does not lie in teacher training, Bennett suggests, but rather in how schools integrate--or fail to integrate--such technology with pedagogical practice.

In our fourth commentary, Linda Peters provides a frank overview of the various factors underlying student perceptions of online learning. Such perceptions, she observes, are not only informed by the student's individual situation (varying levels of computer access, for instance) but also by the student's individual characteristics: the student's proficiency with computers, the student's desire for interpersonal contact, or the student's ability to remain self-motivated.

Mary Harrsch provides a case study of her work using streaming audio to broadcast a series of radio interviews with education experts over the Internet. Looking back on the project, Harrsch outlines the technical problems that she faced, many of which involved an incompatibility between RealMedia and a range of computer platforms. While such problems undermined the goal of providing a real-time broadcast, the project achieved its fundamental goal: reaching out to a larger community of educators, both within the state as well as on a national level.

In his assessment discussion, Tom Henderson provides an account of his use of a classroom assessment technique (CAT) for a distance learning course, as well as a helpful outline of CATs for online instructors. While Henderson notes some crucial differences between classroom assessment in traditional and distance learning environments, he also notes that they share common criteria for success: careful planning, targeted questions, and a timely response by the instructor.

In his review of our Spotlight Site, Ed Fernandez offers an introduction to the Learning Support Centers in Higher Education (LSCHE) web portal. While still in development, the LSCHE portal offers a spectrum of tools: access to learning support research, discussion of terminology relating to "learning support centers," links to resources for learning assistance and distance learning, and information regarding employment opportunities. Such features, Fernandez claims, not only provide learning assistance experts with a valuable tool in their duties, but also represent another step forward in defining this professional field.

In our first letter to the editor, Midi Cox offers an introduction to the fifth annual installment of Global Learn Day, a continuous, 24-hour education conference that will be offered online. Through a combination of real time webcasts, radio broadcasts, and telecenters, this interactive conference will feature a range of professionals, all of whom will address the many ways in which e-learning has served to revolutionize access to education around the world. With a projected 7,000 participants from more than 200 countries, as well as a projected audience of more than 500,000, Global Learn Day will remain devoted to offering "a convincing demonstration of affordable, accessible education, worldwide."

In our second letter, Kathryn Winograd and Maureen Atkins discuss how The Virtual High School Symposium, an event inaugurated last year in Louisville, Kentucky, has reflected broader national trends in the development of virtual high school education. As all states have begun to pursue different means of incorporating Internet technology in their K-12 programs, the upcoming installment of the symposium in Chicago will be examining further ways in which such innovations may be put into practice.

In our third letter, Steven Gilbert invites readers to contribute to the "Open Source Professional Development Environment for Higher Education." Gilbert's model of a systematic and coordinated "open source" framework would allow educators to share the various resources that they have used in their professional development activities and thereby assist us to keep up with fast-paced changes in information technology.

As computer technology continues to transform teaching and learning, it has also compelled a re-evaluation of criteria for academic record keeping. Robert Spindler, in our final letter, addresses this issue with a description of Clifford Lynch's keynote presentation for the 2000 ECURE (Electronic College and University Records Events) Conference and invites readers to the 2001 conference.


Data mining & Knowledge Discovery:  Databases In business decisions

Note from Bob Jensen: 
Before reading the message below, you may want to read about Data Mining at http://www.trinity.edu/~rjensen/245glosf.htm#DataMining 

The following message takes you much deeper into this fascinating topic.

Bob Jensen

-----Original Message----- 
From: Dr.Vijay Pithadia Ph.D.M.Comm.C.P.S.T. [mailto:vijaypithadia@lycos.com]  
Sent: Monday, September 10, 2001 1:22 AM

Data mining & Knowledge Discovery:  Databases In business decisions

Dr. Vijay Pithadia
Doctor of Philosophy [1996 - 99]
Master & Bachelor of Commerce [1991-96]
Electronics Technocrat [1985 - 89]

Academic Staff, Dept. of Social Work [MSW] Saurashtra University

[Vijaypithadia@sify.com

ABSTRACT:

Today computerization of many business and government transactions related to activities and decisions generates the floods of data by large and simple transaction i.e. tax returns, telephone calls, business trips, performance tests and product warranty registration are being handled through computer. For the processing the data now are days many traditional and statistical methods of data analyses i.e. ad-hoc queries and spreadsheets are used for to obtained informative reports from data but they can’t give the knowledge from data. In the present paper how the data mining and KDD technology can facilitates analyses of the data in order to get the important knowledge hidden inside the data. The second aim of this study is to awareness among the Indian Universities Teachers, Industries- Organizations people and also among software professionals to generate projects and to promote the technology in business decisions.

Key Words: Data Mining,Process,Techniques,Finance,Banking,SCM,IIT-K,Kanpur,ISI-C,Kolkata,KDD

Data Availability: Data used in this paper are available from public sources identified in the study.

 

I thank Subir Hari Singh, Ministry of Information Technology, Govt. of India, New Delhi, Roger Barker, Morehead State University, Kentucky, S. Ganesan, Alagappa University, karaikudi, Mangesh Koregaonkar, Indian Institute of Technology -B, Mumbai, A.G. Balasubranian, Goa University, Goa, Gabriel Hawawini, INSEAD, Cedex, Nitin Kumar Jain, Indian Institute of Technology -D, New Delhi, Deepak Suchdey, President, Rajkot Management Association, Rajkot, P. L. Bali, Thapar Institute of Engineering & Technology ,Patiala, C.S.G. Krishnamacharyalu, S.V. University, Tirupati, and Umesh Makawana, government Engineering College, Gandhinagar for making meaningful comments and suggestions. I also thank K I Device, A D B Kompany, Jakarta, Sanjay Mehta, Student of MSW, and Bakul Kakadia, Student of B.E. (IT) for research coad Juvancy.

[1] Introduction

Since last couple of years a term Data Mining is being heard from computer professionals. Data Mining [DM] is a new class of intelligent analytical method having ability to intelligently and automatically assist humans in analyzing the mountains of data for nuggets of useful knowledge. Data mining is an iterative process of extracting interesting knowledge from data in large databases. Where knowledge could be rules, patterns, regularities, relationships, constraints etc. Secondly knowledge should be valid and potentially useful and third the hidden information in the data that is useful. Where as KDD is the over all process of finding and interpreting knowledge from data.

The subject goal is extracting knowledge from data in context of large databases and to make patterns/ Knowledge in understandable forms to human beings in order to justify a better understanding of the underlying data. The emerging technology KDD having a multi step process which uses Data Mining Methods [Algorithms] to extract [Identify] what is hidden knowledge in the data according to specifications of measures. Thus data mining underlying prediction on similar groups of data and Description involves findings human interpretable patterns describing the data in business and industry from Financial Management, Marketing Management, and Economic Surveys of companies to Insurance, Banking and maintenance areas of Business.

[2] Basic Steps of KDD Process

Few of the basic steps of KDD process are discussed here;

[1] Problem Analysis: It is based on manual procedure. The main function is to understanding application domain and requirements of user related to developing prior knowledge for domain.

[2] Selection of Target data: Creating target data set and Selecting a data set or its subset on which discovery is to be performed by automatic way.

[3] Data Processing: The third step of KDD process involves removing noise/ handling missing data based on automatic program.

[4] Transformation of Data: This procedure is made manually where data reduction and projection are made and finding useful fields/features/attributes of data according to goal of the problem.

[5] Data Mining: Selection of data mining goal, choosing method according to task and extracting knowledge and analyzing/verifying knowledge.

It is based on automatic manner.

[6] Output Analysis and Review: Interpretation and evaluation the knowledge/ pattern transforms knowledge; rules reports, automatic usage and follow up for new predictions.

[3] Techniques for Data Mining

For the purpose of Data Mining htere are many techniques used. Some most popular and commonly techniques i.e. Neural Networks, Nearest Neighbour Method And Decision Tree are Discussed.

[1] Neural Networks : It is based on non- linear predictive model and better for Financial Related areas. Some of the sample systems are OWL (Hyper Logic, USA), Brain Maker ( CSS, USA ) Neuro Shell ( Word Systems Group, USA )

[2] Nearest Neighbor Method: This techniques classifies each record in a data set based on a combination of the classes of the K- record/s related to it in a historical data set [ where K is greater than or equal to 1 ] and therefore it is some times called as K- nearest neighbor techniques. Sample systems i.e. TiMBL,PEBLS etc.

[3] Decision Tree: A Decision Tree consist of nodes and branches; beginning node called root. Depending upon the results of a test the data is classified into various subsets. The end result is a set of rules with all possibilities.This method is useful in certain algorithms represent decisions. These decision generates rules for classification of a data set. Specific Decision Tree method include Classification and Regression Trees [CART] and Chi - Square Automatic Interaction Detection [CHAID] Sample systems i.e. Clementine ( Integral Solutions, UK) IDIS ( Information Discover,USA) ID3, CS.0 ( Rule Quest, Australia) etc.

[4] Data Mining Solutions for Business

The application areas of DM techniques are useful in business decisions. Some of the potential areas are i.e. Banking, Finance, Survey’s related to Customer satisfaction, Market, Buying behavior, Customer characteristics, Economic, Direct Marketing.The details are described below

[a] Financial Market : In the financial market,using various imperical models of market behaviour,technical analysis for forecasting price dynamics and selecting the optimal structure of investment portfolio can be justified.Such systems have special interfaces for laoding financial data.i.e. Supercharts (Omega Research,USA)wall street money (Market Arts,USA)etc Data mining methods are also facilitates the analysis and slection of stocks and other financial instruments.

[b] Banking : In the banking functions such as mortgage approval,loan underwriting,money lending/borrowing,loyal customer prediction,stock trading rules identification etc are the important areas for Data Mining.This system also predict the characteristics of ATM card users who sale the cards at point of sale.A system can evolve prediction models for several levels of card usage,based on parameters such as customer age,average checking account balance,return per month,number of cheques etc.In the case of mortgage loans data mining system facilitate an excellent set of discrimination rules by only 8% error rate.The input parameters are account information i.e. loan source,rates and loan to the value as well as borrower demographic information.

[c] Database Marketing : In the business world database marketing is the most successful application.The main functions of data base marketing are analyses customer data base,find patterns of existing customer preferences,to target slection of future customers.Many companies are using database marketing techniques,i.e. American Express reported that due to database marketing their purchases of credit card is increased by 15-20%.The possible apllications are Market research including media selection product segmentation,broadcasting analysis and product success prediction.A system allows television programming executives to arrange show schedules for predicting audience share to maximize market share and increase advertising revenues.

[d] Supply Chain Management (SCM) : The fundamental operation of retail is the supply chain management,product or services from the manufacturer to the customer via retail eiter virtual or physical.Data mining can help viz maximising sales and profits through an optimisation of marketing actions and providing necessary insights for the retailer to properly manage customers,promoters,products,stores and employees.Data mining provides the answers to the question such as: what customer?what products?what time?and at what price?

[e] Marketing Strategies : Target marketing actions such as direct mail campaigns are more expensive to produce and inportant is to find mailing to those individuals most likely to buy.Generating business models under the various condition is very difficult and complex.The function of target marketing can be achieved by data mining applications.Examples such as,Epsilon Data Management,USA handles America’s biggest direct mailers also including American Express.Marks and Spencer is also using this technique for direct mail campaign aimed at attracting customers on a suit promotion.

[f] Sales Forecasting : The important use of sales forecasting is for the optimisation of stocks and purchases.Retails can predict with accuracy sales as per item and location in order to optimise level of stocks,on the basis of past data.

This is also important in attracting and keeping the clients.In germany karstadt retail chain uses a neural networks based system developed by Neurotec for prediction the sales of total 2,00,000 items carried in their sotres to optimise order.In london,search space ltd.has developed a neural networks based application to forecast sales for high street retail organisation.

[g] Fraud Detection and Prevention : Data mining also palys an important role in this area.Fraud can be detected in insurance of a person,tax returns,accounts,credit cards,etc.A system can analyse the probability that the new account is fraudulent.The probabilities are used to sort the accounts so that these with highest probability can be further investigated by fraud analysis.

[5] Indian Players in Data Mining

In India a very few Organization like IIT-B, Mumbai, IIT-K, Kanpur, Tata Infotech, Mumbai, IBM-India, Banglore and ISI-C, Kolkata are working toeards this area because cost effective solutions is the major theme for development of promising technology data mining. IIT-K, kanpur and IBM-India,Bangalore are working for tools development where as Tata Infotech also working on the tools and application development includes TULearn,a set of industrail quality tools to define the nature of database and then to learn how to classify data into data bases.It consist of Credit card Eligibility Analysis,Customer satifactory survey,Market survey of Hindustan Lever Ltd.,BPL Mobile fraud detection etc.ISI-C,Kolkata has been engaged on the problems:(a)Classification of Archaeological Materials and (b)Market survey of quality control towards the customer Satisfaction indices. [6] Research Issues

The techniques of data mining is starts as new emerging concepts and all aspects of this technology are at the research level shows the developments as well improvement of its efficiency and scalability. The main issues are discussed below:

[1] It handle multiple source, different kinds of data i.e. transactional, active, relational, multimedia, object oriented, legacy etc. [2] Data mining security: Guard against the invasion of privacy. [3] Interactive Data mining of knowledge at multiple concepts level, Efficiency and scalability of data mining algorithms, Knowledge at multiple level in large data bases. [4]Smooth integration with existing databases and ware housing systems, knowledge updating, application and integration. [5] Data mining tasks: Summarization, Characterization, Clustering, Trend and deviation analyses, Classification, and pattern analysis etc.

[7] Conclusion

The application of Data Mining is emerging and powerful technology for improving business strategies,helping in design of new products & quality of products. It complements and can often replace the other business tools i.e. computer reporting and querying,statisfied analysis.Data Mining have modulation of multiple disciplines such as Database systems,Data Warehousing and OLAP (Online Analytical Processing), Machine learning,Information science,statistics,visualisation and other disciplines such as Mathematical Modelling,Pattern Recognisation,Neural Networks,Image/Signal Analysis,Web Technology etc. In the busniess decision above all models can facilitates more suitability to the decision.

Appendix - Tools For Data Mining and KDD

The public domain, commercial system [showed as com] and research prototype system is shown as pub and some of them are usually freely available for research purpose.

# Decision Tree Approach:

Pub: LMDT, OCI, PC 4.5, and SE - Learn

Com: AC2, Alice d'I soft, CART, Cognos scenario, KATE - Tools, Preclass SPSS Answer Tree, Xpertrule Profiler 4.0

# Nearest Neighbor Approach:

Pub: MLC++, PEBLS, and TiMBL 1.0 # Neural Network Approach:

pub: Neural Network FAQ Free Software , Neuro Net Site

Com: Neural Network FAQ List, 4 Thought, Brain Maker, DB Prophet,

INSPECT, Neural Works Predicts, Neuro Solutions, & SPSS Neural Connections 2

# Rule Discovery Approach:

Pub: Brute, CN2, DB Miner, DB Predictor, FOIL, and MLC++

Com: Data Surveyor, WINROSA, Data mite, wiz why and Super Query

# Clustering:

Pub:Autoclass C,ECOBWEB,Fast Fuzzy Cluster,Snob

Com:Autoglass III,COBWEB/3,Cviz Cluster Visualization,SOMine.

# Statistics:

Pub:XLISP-STAT

Com:BBN Cornerstone,Data Desk,STATlab,SPSS.

# Visualization for Discovery:

Pub:Graf-FX IRIS,VisDB,Xmdv

Com:Cviz Cluster Visualization,DataScope,UPDATE Sphinx Vision,WinViz.

References

[1] Betttini et.al.(1998),”Discovering frequent event patterns with multiple granuality in time sequences”.IEEE transaction on knowledge and data engineering,Vol.10,No.2,March/April.

[2] Cabena et.al.(1998),”Discovering Data Mining from concept to Implementation “,Prentice Hall,USA.

[3] Chaudhary and Dayal (1996),” Decision support,Data Warehousing and OLAP”,VLDB.

[4] Fayyad et.al.(1997),”Data Mining and Knowledge Discovery”– J journal.

[5] Jiawei Han(1996),” Data Mining techniques,a SIGMOD’96 Conference Tutorial.

[6] Michael Gilmant(1998),” Nuggets and Data Mining”A white paper,February.

[7] Piatetsky Shapiro (1998),”Data Mining 101”a white paper, June.

[8] Rakesh Agrawal(1996),”Data Mining Technologies”,Proc.International Conference VLDB

[9] V.Estivill Castro and A.T. Murray(1998), “Mining Spatial Data Via Clustering “Proc. International symposium on spatial data handling-SDH’98 canada,July 11-15

Reply from J. S. Gangolly [gangolly@CSC.ALBANY.EDU

Bob,

This semester, along with a colleague, I am teaching a computationally oriented course in statistics, datamining, and data visualisation in our AIS program.

The course is geared towards those who are looking for work in enterprise risk consulting, EDP auditing, Network security, and similar practices.

The course syllabus as well as powerpoint slides are available at

http://www.albany.edu/acc/courses/acc522/fall2001 

I shall be grateful for any comments/suggestions that the list members may have.

Regards,

Jagdish




Link forwarded by Auntie Bev

If Elvis were alive today, he would change the lyrics in his recordings of "Are You Lonesome Tonight" --- http://members.tripod.com/~macattack22/Lonesome.html 

Are you lonesome tonight, does your tummy feel tight? Did you bring your Mylanta and Tums? Does your memory stray, to that bright sunny day... When you had all your teeth and your gums?

 

Is your hairline receding? Are your eyes growing dim? Hysterectomy for her and it's prostate for him. Does your back give you pain... do your knees predict rain? Tell me dear, are you lonesome tonight?

 

Is your blood pressure up, your good cholesterol down? Are you eating your low fat cuisine? All that oat bran and fruit, metamucil to boot, keeps you like a well oiled machine.

 

If it's football or baseball... he sure knows the score. Yes, he knows where it's at... but forgets what it's for. So, your gall bladder's gone. But his gout lingers on. Tell me dear, are you lonesome tonight?

 

When you're hungry, he's not, when you're cold, then he's hot. Then you start that old thermostat war. When you turn out the light, he goes left, you go right. Then you get his great symphonic snore.

 

He was once so romantic, and witty and smart. How'd he turn out to be such a cranky old fart? So don't take any bets, this is as good as it gets. Tell me dear, are you lonesome tonight?


These are the 10 winners of this year's Bulwer-Lytton contest (run by the English Dept. of San Jose State University), wherein one writes only the first line of a bad novel --- http://www.bulwer-lytton.com/ 

10) "As a scientist, Throckmorton knew that if he were ever to break wind in the echo chamber he would never hear the end of it."

9) "Just beyond the Narrows the river widens."

8) "With a curvaceous figure that Venus would have envied, a tanned, unblemished oval face framed with lustrous thick brown hair, deep azure-blue eyes fringed with long black lashes, perfect teeth that vied for competition, and a small straight nose, Marilee had a beauty that defied description."

7) "Andre, a simple peasant, had only one thing on his mind as he crept along the East wall: "Andre creep... Andre creep... Andre creep."

6) "Stanislaus Smedley, a man always on the cutting edge of narcissism, was about to give his body and soul to a back alley sex change surgeon to become the woman he loved."

5) "Although Sarah had an abnormal fear of mice, it did not keep her from eeking out a living at a local pet store."

4) "Stanley looked quite bored and somewhat detached, but then penguins often do."

3) "Like an overripe beefsteak tomato rimmed with cottage cheese, the corpulent remains of Santa Claus lay dead on the hotel floor."

2) "Mike Hardware was the kind of private eye who didn't know the meaning of the word "fear," a man who could laugh in the face of danger and spit in the eye of death - in short, a moron with suicidal tendencies."

 

 

AND THE WINNER IS... 1) "The sun oozed over the horizon, shoved aside darkness, crept along the greensward, and, with sickly fingers, pushed through the castle window, revealing the pillaged princess, hand at throat, crown asunder, gaping in frenzied horror at the sated, sodden amphibian lying beside her, disbelieving the magnitude of the frog's deception, screaming madly, "You lied!"

 


Not the Brightest Bulb on the Block

This morning, September 7, 2001, while driving to campus, I listened to the following news account on NPR.

A house in Mississippi was burglarized.  The police walked through every room to check out the losses and to make sure the burglar had vanished.  When the police were at last leaving the house, a telephone rang.  The sound directed them to the overlooked hidden burglar.  He had not turned off his cell phone!


Forwarded by Ed Scribner

In the beginning God created the heavens and the Earth. And the Earth was without form, and void, and darkness was upon the face of the deep. And Satan said, "It doesn't get any better than this! And God said, "Let there be light," and there was light.

And God said, Let the earth bring forth grass, the herb yielding seed, and the fruit tree yielding fruit," and God saw that it was good. And Satan said, "There goes the neighborhood."

Then God created humans in his own image; male and female created them . And God looked upon Man and Woman and saw that they were lean and fit. And Satan said, "I know how I can get back in this game."

And God populated the earth with broccoli and cauliflower and spinach, green and yellow vegetables of all kinds, so Man and Woman would live long and healthy lives. And Satan created McDonald's. And McDonald's brought forth the 99-cent double cheeseburger. And Satan said to Man, "You want fries with that?" And Man said, "Supersize them." And Man gained 5 pounds.

And God created the healthful yogurt, that woman might keep her figure that man found so fair. And Satan brought forth chocolate. And Woman gained 5 pounds.

And God said, "Try my crispy fresh salad." And Satan brought forth Ben and Jerry's. And Woman gained 10 pounds.

And God said, "I have sent thee heart-healthy vegetables and olive oil with which to cook them. And Satan brought forth chicken-fried steak so big it needed its own platter. And Man gained 10 pounds and his bad cholesterol went through the roof .

And God brought forth running shoes and Man resolved to lose those extra pounds. And Satan brought forth cable TV with remote control so Man would not have to toil to change channels between ESPN and ESPN2. And Man gained another 20 pounds.

And God said, "You're running up the score, Devil." And God brought forth the potato, a vegetable naturally low in fat and brimming with nutrition And Satan peeled off the healthful skin and sliced the starchy center into chips and deep-fat fried them. And he created sour cream dip also. And Man clutched his remote control and ate the potato chips swaddled in cholesterol. And Satan saw and said, "It is good." And Man went into cardiac arrest.

And God sighed and created quadruple bypass surgery.

And Satan smiled and created HMO's.


Forwarded by Vidya 

INNER STRENGTH

If you can start the day without caffeine or pep pills, 
If you can be cheerful, ignoring aches and pains, 
If you can resist complaining and boring people with your troubles, 
If you can eat the same food everyday and be grateful for it, 
If you can understand when loved ones are too busy to give you time, 
If you can overlook when people take things out on you when, through no fault of yours, something goes wrong, 
If you can take criticism and blame without resentment, 
If you can face the world without lies and deceit, If you can conquer tension without medical help, 
If you can relax without liquor, If you can sleep without the aid of drugs,

Then you are probably a dog.


The Undergrads (MTV Humor Intended for Mature Audiences) --- http://www.undergrads.tv/anim.html 
At my age it's hard to think this young and stupid.

Yawn!
Bullseye tells you how to get in style with the latest trends --- http://www.bullseye.target.com/intro.htm 




And that's the way it was on September 14, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

Links to the following accountancy documents:

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

  Hline.jpg (568 bytes) Hline.jpg (568 bytes)

 Hline.jpg (568 bytes)

 

 

September 7, 2001


Quotes of the Week

Even the longest journey begins with a single step.
Ralph Waldo Emerson
As quoted by the Vice-President of Academic Affairs, Dr. Michael Fisher, at the Year 2001/2002 opening faculty meeting at Trinity University

Success is the sum of small efforts, repeated day in and day out.
Robert Collier

Never give up on a dream just because of the time it will take to accomplish it. 
The time will pass anyway.

Author Unknown

Remember that we all climb the ladder of success one step at a time.
Author Unknown

Hard work pays, smart work pays better.
Author Unknown

There is no greater tragedy than doing nothing for fear of doing too little.
Author Unknown

When you stop getting better, you stop being good.
Author Unknown

Shoot for the moon ... 'cause even if you miss you'll end up in the stars.
Les Brown:

Even if you fall on your face, you're still moving forward.
Gallagher

I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom.
General George Patton

One machine can do the work of fifty ordinary men. No Machine can do the work of one extraordinary man.
Elbert (Green) Hubbard, American businessman, writer and printer

Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity.
Joseph Sugarman

The only thing that overcomes hard luck is hard work.
Harry Golden

My formula for success is to be found in three words - work - work - work.
Silvio Berlusconi, Italian Media proprietor

Poor Sleep Adds to Diabetes Risk
Is a chronic lack of sleep in industrialized nations adding to the rising epidemic of diabetes?  It's possible.  Researchers have shown that adults who get less than 6.5 hours of sleep per night have 40% lower insulin sensitivity than those who get closer to a full eight hours.  The researchers found sleep curtailment in otherwise healthy young adults impairs the ability of insulin to do its job properly, and that can also cause high blood pressure, abnormal lipid levels, and obesity.
"Diabetes Update," Newsweek Magazine, August 27, 2001, Page 8.




The leading vision for Trinity University at the start of this new academic year.

A copy of the speech delivered by President Brazil at Thursday's Faculty Assembly has been posted on the Trinity Web site. It includes a great deal of information which may be of interest, including an update on the four campus wide initiatives. You can read the President's address at the following link:

http://www.trinity.edu/departments/public_relations/pres_page/pres_index.html 

You will also find a link to the speech in a headline on the Trinity Today Web page and from a link within the Trinity News section of Tiger's Lair.

Sharon Jones Schweitzer 
Director of Public Relations Trinity University 715 Stadium Drive San Antonio, Texas 78212 (210) 999-8406 www.trinity.edu 


"Now and Then"

At a person's memorial service, especially the service for someone who never bragged, we learn so much and are inspired so much by testimonials from friends and family.

Trinity University lost a retired colleague and friend named George Thompson.  George was a senior professor of business administration when I arrived at Trinity University.   I learned to love and admire the many facets of this wonderful human being, and I learned a great deal more at his memorial service in Parker Chapel on September 1, 2001.  Tear-rendering tributes spiced with humorous anecdotes were delivered by Colleen Grissom (English Literature Professor and former Vice-President of Student Affairs at Trinity University), Dean Currie (Vice-President at Rice University), Diana Hawley (admitted former dud as a student who was turned on to life and academe due to her Trinity Advisor, Dr. Thompson, and   became so close over the years that she read books to him in the final year of his illness), and Terri McGee (his physical therapist in the final two years of his life, a woman who, like everyone who came in touch with the Thompson's, found that you could not know either George or his magnificent wife, Mary, without becoming an extended part of their very large and bonding set of family and open-home friends).

For me, a real highlight at George's memorial service was when pianist Joe Kerr, one of George's former students, played an old jazz song that was very popular during the World War II era.  The song's title is "Now and Then."  The popular recording was by Paul Whiteman's Orchestra with the Modernaires.

You can download and play 'Now and Then"  from http://www.redhotjazz.com/pwo2.html 
George's first degree was in chemical engineering from Tulane University.  As an undergraduate, he sang in a popular quartet and, along with a friend, George Thompson composed the above popular jazz tune "Now and Then" that the Modernaires recorded.

Dr. Grissom claimed that George Thompson was the most literate business administration professor she's ever known.  Her tribute was touching and side-splitting in a manner that only Dr. Grissom can pull off.

All of us who knew you, George, will continue to think about you "Now and Then."  Goodbye good friend!


Ask Dr. Grammar from the University of Northern Iowa! --- http://www.drgrammar.org/ 
Dr. Grammar's prescriptions for our writing ills.
This is a great site, although I reserve judgment on the poetry.

"Dr. Grammar" (a.k.a. Professor Jim Hiduke) is a free service provided by the University of Northern Iowa for all faculty and staff, students--and members of the global community. Anyone who has questions about grammar and usage, punctuation, spelling or general language concerns can contact Dr. Grammar through this website with questions.

 Frequently Asked
 Questions
 
 Ask a Question
 
 A Writer's Resources
 
 A Writer's Toolbox
 
 About Dr. Grammar
 
 Poems & Sketches
 
 Publicity

Ed Scribner reminded me about a related site called Grammar Lady where help is not necessarily free at http://www.grammarlady.com/ 


News About the Academy of Business Education

For those of you joining us in Wyoming for the September 21-22, 2001 Annual Meeting of the Academy of Business Education, the preliminary program is listed at http://www.abe.villanova.edu/sessions.html 
Those of you who are unable to listen to the bugling of horny elk with us in this beautiful lodge can read the academic program to see what you are missing aside from the calls of the wild outside the lodge.

I like ABE meetings, because the sessions have some speakers who will have great war stories on business education, especially stories about technology innovations and distance education.  I learn a great deal from ABE presentations.   

We owe a huge BRAVO to Jean Heck for single-handedly forming the ABE and keeping it going --- http://www27.homepage.villanova.edu/jean.heck/ 

If you are missing out on this fun in the mountains in 2001, you may want to join us at the Casa Marina Resort for the ABE annual meeting in Key West next year.  See http://www.abe.villanova.edu/meet2002.html 


"Web Resources," by Sylvia Charp, T.H.E. Journal, August 2001. Page 10 --- http://www.thejournal.com/magazine/vault/A3553.cfm 

At present, a great deal of information is free on the Web. But how long it remains free is in question. For example, a bill is now pending before the U.S. House of Representatives that could force the U.S. Department of Energy to end Pub Sciences, its Web database that allows scientists to search abstracts and citations from more than 1,000 scientific journals. Universities are now charging for the use of their resources. The Wharton School of the University of Pennsylvania is selling a program it developed to provide the school's faculty and senior students with Web-based access to financial data from such providers as Dow Jones and Co., Standard and Poor's and Thomson Financial Services. They claim 55 clients, including 21 of the top 25 ranked business schools.

Bob Jensen has a summary of resources and tools at the following links:

http://www.trinity.edu/rjensen/000aaa/0000start.htm 

http://www.trinity.edu/rjensen/000aaa/thetools.htm 

http://www.trinity.edu/rjensen/crossborder.htm   

http://www.trinity.edu/rjensen/000aaa/newfaculty.htm 

http://www.trinity.edu/rjensen/290wp/290wp.htm 

http://www.trinity.edu/rjensen/bookbob.htm 


International Education Data, Statistics, and Trends
Education Indicators Education at a Glance 2001:  Education at a Glance OECD Indicators
- 2001 Edition --- http://www.oecd.org/els/education/ei/eag/ 

Across OECD countries, governments are seeking policies to make education more effective while searching for additional resources to meet the increasing demand for education. The OECD education indicators enable countries to see themselves in the light of other countries' performance. The 2001 edition of Education at a Glance - OECD Indicators provides a rich, comparable and up-to-date array of indicators. The indicators represent the consensus of professional thinking on how to measure the current state of education internationally. They provide information on the human and financial resources invested in education, on how education and learning systems operate and evolve, and on the returns to educational investments. The thematic organisation of the volume and the background information accompanying the tables and charts make this publication a valuable resource for anyone interested in analysing education systems across countries. This year's edition of Education at a Glance includes new indicators on: how the levels and distributions of student achievement have evolved; the incentive structures governments offer to attract and retain qualified teachers; the availability and use of information and communication technologies in the teaching-learning process; public subsidies and transfers for education and their beneficiaries; and participation in skill improvement among the employed population. Finally, for many indicators, a significantly larger number of OECD countries are now providing data. Through the World Education Indicators programme, a wide range of non-member countries have also contributed to this year’s edition of Education at a Glance, extending the coverage of some of the indicators to almost two-thirds of the world population.

Highlights

Summary of chapters

Chapter A - Context of Education
Chapter B - Financial and Human Resources Invested in Education
Chapter C - Access to Education, Participation and Progression
Chapter D - The Learning Environment and Organisation of Schools
Chapter E - Individual, Social and Labour Market Outcomes of Education
Chapter F - Learning outcomes of education


Thinking About Assessment:  Assessment is education's new apple-pie issue. Unfortunately, the devil is in the details, by Kenneth C. Green - August 2001 --- http://www.convergemag.com/magazine/story.phtml?id=3030000000002596 

Assessment has become the big thing. President Clinton supported assessment. President Bush supports assessment. It seems like every member of Congress favors assessment. So too, it seems, do all the nation's governors, and almost every elected state and local official -- school board members, city council members, mayors, city attorneys, sheriffs, county commissioners, park commissioners, and more.

The CEOs of major U.S. companies want more assessment. Moreover, many school superintendents, like Education Secretary Rod Paige, former superintendent of the Houston Independent School District, also support assessment.

Assessment is education's new apple pie issue. Everyone supports efforts to improve education; and everyone seems to believe more assessment will help improve education.

It's just grand that many people in so many elected and administrative offices support assessment.

There is, however, one little problem: getting all these individuals to agree on how and what to assess and how to use the data. They all agree about the need for more assessment. Unfortunately, the devil is in the details.

It may be a stretch, but I see some striking similarities in the public conversation about technology and assessment.

First, well-informed folks -- some in education, some not -- believe that more assessment will improve education. Similarly, many people -- some who are educators and many others who simply care about education -- believe that more technology will improve education.

Second, assessment costs lots of money. One dimension of the discussion underway in Congress and in state capitols involves how much money to spend on assessment. Similarly, one dimension of the continuing conversation about technology in schools and colleges is about the costs.

Third, it seems like everyone has strong opinions about assessment. Moreover, anyone with an opinion becomes an immediate expert. Similarly, it seems like everyone has strong opinions about technology. Moreover, like opinions about assessment, anyone with an opinion about technology believes it is an expert opinion. In an interesting and important twist on Cartesian logic, we are all sum ergo experts on both assessment and technology.

Finally, as an acknowledged sum ergo expert, let me suggest an additional similarity: Those who profess great faith in the power of assessment or technology to enhance education may be engaged in just that -- an act of faith!

Wait, please. Let me explain. I believe in assessment. I believe in technology. But I also believe in research. And while I know a little less about the assessment literature and a little more about the technology literature, I do know enough about both to know that the research literature in both areas is often ambiguous.

Indeed, advocates for both assessment and for technology often have to confront the "no significant differences" question. For those of you who missed statistics in college, this means that at the end of the day, does the treatment (the intervention) generate a statistically significant difference in outcomes or performance?

Here, the hard questions are about learning outcomes. Let's frame the questions as hypotheses in a doctoral dissertation:

H1: Assessment contributes to enhanced learning outcomes for individual students.

H2: Assessment contributes to the enhanced performance of schools and colleges.

H3: Technology contributes to enhanced learning outcomes for individual students.

H4: Technology contributes to the enhanced performance of schools and colleges.

You may take issue with the academic presentation. However, in the context of the public discussions, as well as public policy and educational planning, these are the core issues: Do assessment and technology contribute to enhanced student learning and to the enhanced performance of schools and colleges?

Alas, we don't really know. We think we know. We draw on personal experience as hard data. We accept anecdote and testimonial as evidence of impacts. But the hard research evidence remains elusive; the aggregated research is ambiguous.

Indeed, it may well be a good (and obvious) "intervention," as suggested by President Bush and others, to conduct annual "reading and math assessments [to] provide parents with the information they need, to know how well their child is doing in school, and how well the school is educating their child." But we really do not know if this will make a difference in educational experiences of students or the effectiveness of individual schools.

Bob Jensen's threads on assessment are at http://www.trinity.edu/rjensen/assess.htm 


From the MIT Media Laboratory:  The Most  referred to Websites in the World (Some of them are weird.)
Blogdex http://blogdex.media.mit.edu/ 

blogdex is a system built to harness the power of personal news, amalgamating and organizing personal news content into one navigable source, moving democratic media to the masses. at current, blogdex is focused on the referential information provided by personal content, namely using the timeliness of weblogs to find important and interesting content on the web. for more information about the blogdex project, please look here.

The Top 25 of All Time
1.  http://www.blogger.com/   9318 links (who?)
2.  http://www.blogspot.com/   4297 links (who?)
3.  http://www.jish.nu/webloggers/   609 links (who?)
4.  http://www.metafilter.com/   391 links (who?)
5.  http://www.bloghop.com/   336 links (who?)
6.  http://www.google.com/   307 links (who?)
7.  http://www.kottke.org/   270 links (who?)
8.  http://www.bloghop.com/help.htm   260 links (who?)
9.  http://noahgrey.com/greysoft/   247 links (who?)
10.  http://blogdex.media.mit.edu/   247 links (who?)
11.  http://www.theonion.com/   232 links (who?)
12.  http://www.evhead.com/   222 links (who?)
13.  http://www.slashdot.org/   213 links (who?)
14.  http://www.memepool.com/   207 links (who?)
15.  http://www.salon.com/   205 links (who?)
16.  http://www.stormwerks.com/linked/   198 links (who?)
17.  http://www.littleyellowdifferent.com/   183 links (who?)
18.  http://www.harrumph.com/   176 links (who?)
19.  http://blogger.com/   163 links (who?)
20.  http://www.humanforsale.com/   163 links (who?)
21.  http://www.camworld.com/   156 links (who?)
22.  http://www.swallowingtacks.com/   151 links (who?)
23.  http://www.megnut.com/   143 links (who?)
24.  http://www.robotwisdom.com/   139 links (who?)
25.  http://www.blogvoices.com/   138 links (who?)

The World's Online Populations
By Michael Pastore
CyberAtlas --- http://cyberatlas.internet.com/big_picture/geographics/article/0,1323,5911_151151,00.html

 
Nielsen//NetRatings now measures Internet access in 28 countries, which comprise 91 percent of the world's Internet users.

 
Internet Universe by Country
At-home users, July 2001

Current Internet
Universe Estimate
Active Internet
Universe, July 2001
Sessions
per Month
Time Spent
per Month
Global 426,491,303 236,258,612 18 9:36:12
United States 165,180,807 102,077,288 20 10:19:06
Japan 45,659,923 20,061,849 19 9:27:04
Germany 27,914,911 15,144,455 17 7:49:23
South Korea 26,590,004 13,098,235 13 19:20:17
United Kingdom 23,870,341 13,098,235 13 6:22:21
Italy 18,697,197 8,321,314 12 5:48:17
Canada 14,445,047 8,754,653 19 9:36:12
Brazil 11,937,559 6,038,867 13 8:10:48
Taiwan 11,602,523 5,021,109 13 8:04:21
France 11,107,974 5,468,447 15 6:58:58
Australia 9,674,157 5,640,427 13 7:41:43
Netherlands 8,671,316 4,526,370 15 6:44:11
Spain 7,384,966 3,934,630 11 7:00:14
Sweden 5,543,193 3,048,001 12 5:29:16
Hong Kong 3,935,769 1,804,016 19 12:12:19
Argentina 3,882,526 1,872,249 13 7:21:47
Belgium 3,663,437 1,579,445 12 6:22:27
Mexico 3,419,075 1,670,201 10 7:37:26
Switzerland 3,415,278 1,811,677 13 5:31:32
Austria 2,995,651 1,326,513 13 6:16:39
Denmark 2,930,032 1,617,277 12 5:13:55
Norway 2,452,772 1,389,599 11 4:37:47
Singapore 2,103,331 955,824 15 8:48:06
Finland 1,977,637 1,096,792 10 4:10:11
Israel 1,939,084 976,261 14 7:15:36
New Zealand 1,747,203 1,015,577 15 6:59:51
South Africa 1,499,186 611,467 10 4:20:43
Ireland 1,250,404 560,842 9 3:56:15
Source: Nielsen//NetRatings

Top 50 Digital Media/Web Properties of July 2001 http://cyberatlas.internet.com/big_picture/traffic_patterns/article/0,,5931_865681,00.html 
By CyberAtlas staff
August 14, 2001
The top Digital Media/Web Properties for the month of July 2001, according to Jupiter Media Metrix, which this month includes a look at the time spent at each site.

 
Top 50 Digital Media/Web Properties
July 2001
Rank Property Unique Visitors
(000)
Total
Usage Minutes

(000)
Avg. Minutes
per Month
1. AOL Time Warner Network 94,392 117,111 1240.7
2. Yahoo! 64,388 8,721 135.5
3. Microsoft Sites 63,894 9,604 150.3
4. X10.com 39,567 54 1.4
5. Terra Lycos 37,631 726 19.3
6. Excite Network 28,685 1,082 37.7
7. About/Primedia 28,496 486 17.1
8. eBay 22,129 2,169 98.0
9. Vivendi-Universal Sites 21,707 546 25.2
10. Amazon 21,576 346 16.0
11. CNET Networks 20,906 374 17.9
12. Infospace Infrastructure Services 20,712 180 8.7
13. Walt Disney Internet Group 20,050 729 36.4
14. Viacom Online 16,881 339 20.1
15. Google Sites 15,159 359 23.7
16. eUniverse Network 14,581 229 15.7
17. Ask Jeeves 14,390 221 15.3
18. iVillage 14,187 334 23.5
19. Real.com Network 14,171 79 5.6
20. AT&T Web Sites 12,516 373 29.8
21. NBC Internet Sites 12,288 154 12.6
22. Ticketmaster Sites 12,237 197 16.1
23. Gator Network 11,278 66 5.9
24. GoTo.com Network 11,266 58 5.1
25. iWon 10,023 1,102 109.9
26. The Weather Channel 9,989 135 13.5
27. Earthlink 9,894 251 25.3
28. Napster Digital 9,869 713 72.3
29. Colonize.com 9,708 15 1.6
30. Homestead.com 9,553 72 7.6
31. ClassMates.com Sites 9,534 109 11.4
32. LookSmart 9,192 79 8.6
33. SBC Communications Sites 9,011 187 20.7
34. American Greetings 8,936 74 8.2
35. FortuneCity Network 8,890 56 6.3
36. Travelocity 8,782 159 18.1
37. Homestore.com Network 8,694 178 20.5
38. Americanexpress.com 7,954 108 13.5
39. MyPoints Sites 7,831 82 10.5
40. iPlace.com Sites 7,819 18 2.3
41. EA Online and Applications 7,717 2,251 291.6
42. Gannett Sites 7,712 170 22.0
43. BizRate.com 7,307 37 5.1
44. AltaVista Network 7,250 80 11.1
45. Monster.com Sites 7,205 175 24.2
46. Harris Interactive 7,015 148 21.0
47. Focalex.com 6,961 9 1.3
48. BMG Music Service 6,876 59 8.5
49. MyFamily.com Sites 6,782 158 23.3
50. NextCard.com 6,780 20 3.0
Source: Jupiter Media Metrix

Chart Definitions:
Digital Media: Digital Media includes users of the World Wide Web, proprietary online services, and/or other ad-supported digital applications such as e-mail services and CD-ROM.

Top 50 Digital Media and Web Properties: The top 50 Digital Media and Web properties are based on unduplicated audience reach, also known as unique visitors. They include the largest single brands as well as consolidations of multiple domains that fall under one brand or common ownership.

Unique Visitors:The actual number of total users who visited the reported Web site or online property at least once in the given month. All Unique Visitors are unduplicated (only counted once) and are in thousands.


e-Commerce and e-Business Ideas:  An Illustration of Business Models That Integrate Services

Hello Professor Jensen,

Monstermoving is a moving and relocation resource that helps you manage the moving process by providing tools and information as real estate and apartment listings, city profiles and comparisons, home buying calculators, mortgage quotes and mortgage payment calculators, address change, utility connection and transfer, moving van line quotes, truck rentals, and a self storage locator, just to name a few.

The URL is http://www.monstermoving.com


e-Business and e-Commerce Data
Internet.com --- http://www.internet.com/sections/marketing.html 

Web data and statistics

Builder.com --- http://builder.cnet.com/webbuilding/pages/Servers/Statistics/ 
This site is great for definitions and explanations.

Why Web usage statistics are (worse than) meaningless --- http://www.goldmark.org/netrants/webstats/ 

Web usage statistics, such as those produced by programs such as analog cannot be used to make strong inferences about the number of people who have read a website or webpage. Although those who compile these statistics usually try to make this clear, people still insist on misusing them to make overly strong inferences. Attaching meaning to meaningless numbers is worse than not having the numbers at all. When you lack information, it is best to know that you lack the information. Web statistics may give the user a false sense of knowledge which can be worse than being knowingly ignorant.

A useful analogy is with putting up advertising posters. You will never really know how many people have noticed them or read them.

It is not enough to say that the statistics should be taken with a grain of salt; they should be taken with a salt lick. If you want to understand why no inference about the number of people reading this pages can be made from web statistics read on. Otherwise, you may wish to just trust that statement or may wish to skip to the section on Quick Questions and Answers.

Internet Sizer http://www.netsizer.com/  
(This site has a link to a neat graph that shows the increase in Web use in a spinning real-time counter.  It resembles the counter on Times Square that used to show the increases in the U.S. National Debt.)

Web Characterization --- http://wcp.oclc.org/ 

Listings from Webreference.com --- http://webreference.com/internet/statistics.html 

Internet Statistics

CyberAtlas (*)
Internet market research and information site. Provides a periodic overview of Internet trends, demographics, marketing, and advertising information.
CyberGeography
Interesting collection of experiments and approaches in visualizing internet statistics and topology.
GVU WWW User Surveys
User surveys dating back to 1994. The surveys feature a wide variety of WWW usage and opinion-oriented questions.
The Internet Index
"An occasional collection of facts and statistics about the Internet and related activities." By Win Treese of Open Market.
ISC: Internet Domain Survey
Estimates the number of hosts and domains by doing a complete search of the Domain Name System. From the Internet Software Consortium.
Media Metrix
Web market research information and analysis service providing demographic data, measuring Internet and digital media audiences and usage since 1996.
MIDS: Matrix Information and Directory Services
MIDS provides statistics on about the Internet and estimates of its growth. Information is presented textually, graphically, and in geographic maps.
Netcraft
Conducts the Web Server Survey which tracks the usage of HTTP server software. Also offers a searchable hostname database.
Nielsen Net-Ratings
Online usage and popularity statistics.
Nua's Internet Surveys
An organized collection of Internet statistical surveys. Has digests of the important research reports and demographic surveys from the major research companies. Includes summary graphs and data of Internet statistics and trends. Offers a monthly newsletter.
StatMarket
In-depth statistics on a wide variety of Internet topics, and a sharp interface. StatMarket provides free global Internet usage statistics gathered from tens of thousands of web sites and and millions of daily visitors.
TheCounter.com
Detailed browser statistics, including information on monitor resolution, color depth and java/javascript usage.
Yahoo: Statistics and Demographics
Yahoo's collection of related sites.

Other related sites

 


From TheFreeSite.com --- http://www.thefreesite.com/Webmaster_Freebies/Free_counters_and_trackers/ 

TheFreeSite.com
 Anonymous Freebies

 Business Freebies

 Free Chat Services

 Email Freebies

 Family Freebies

 Freebies FAQ

 Freebie Features

 Free Fonts

 Fun Freebies

 Free Games

 Free Graphics

 Free Internet Access

 Free Java & JavaScript

 Link to Us

 Misc. Freebies

 Free Newsletter

 Newest Freebies

 Other Free Stuff Sites

 Personal Management

 Free Personals Service

 Free Postcards

 Prizes and Contests

 Free Samples

 Seasonal Freebies

 Free Software

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 Free Web Space

 Webmaster Freebies

From Infobits on August 31, 2001

THE UNFINISHED REVOLUTION: HUMAN-CENTERED COMPUTERS AND WHAT THEY CAN DO FOR US by Michael L. Dertouzos New York: HarperCollins, 2001; ISBN: 0-06-662067-8

"You are serving the inhuman machine, and its inhuman owners who got away saving a few dollars of operator time by squandering valuable pieces of your life and that of millions of other people. What glory: The highest technology artifacts in the world have become our masters, reintroducing us to human slavery more than a century after its abolition," writes Dertouzos, late director of M.I.T.'s Laboratory for Computer Science. The true goal, he says, should simply be that "information technology should help people do more by doing less." Accomplishing this goal requires that computers adapt to the way people best function, rather than making people change and adapt to the machine's requirements.

The book describes one of the projects Dertouzos was working on -- M.I.T.'s Project Oxygen, a system of hardware, software, and communications designed to fulfill his vision that "[i]n the future, computation will be freely available everywhere, like batteries and power sockets, or oxygen in the air we breathe." For more information about Project Oxygen, see http://oxygen.lcs.mit.edu/ 

[Editor's note: Michael Dertouzos died August 27, 2001, after an extended illness. For more information on Dertouzos's many accomplishments, see http://web.mit.edu/newsoffice/nr/2001/dertouzos.html ]


Sharing Professor of the Week 
William C. Weaver from Central Florida College of Business Administration
Online Resources, Links, and Literature for Business Valuation --- http://www.bus.ucf.edu/weaver/ 

Business Valuation Links --- http://www.bus.ucf.edu/weaver/links/bvlinks.htm 

Business Valuation References --- http://www.bus.ucf.edu/weaver/ 

Bob Jensen's theory documents related to valuation are linked at http://www.trinity.edu/rjensen/theory.htm 


A more efficient way to search  the Web's forums and message boards
BoardReader --- http://www.boardreader.com 

BoardReader.com was developed to address the shortcomings of current search engine technology to accurately find and display information contained on the Web’s forums and message boards. Founded in May 2000 by engineers and students from the University of Michigan, Boardreader.com uses proprietary software that allows users to search the forums and message boards in a particular topic area, thus allowing users to share information in a truly global sense...

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 


There's More to E-Commerce Than Online Profits 
A lack of profits was probably the biggest reason why the Internet bubble burst. Now, though, Jupiter Media Metrix says offline retailers relying on online profits are wrongly judging the success of their Internet investments. The difference lies in the number of channels available. http://www.newmedia.com/default.asp?articleID=2996 

e-Commerce Obstacles
Consumer spending is one of the few bright spots on the world's economic horizons, but all is not well online. Explore some of the reasons why consumers are not reaching for their credit cards after perusing an e-commerce Web site. http://www.internetday.com/article/0,,1381_863581,00.html 

e-Business for Accounting Firms
E-Business, Increasing Your Value to Your Clients Presented by: Gregory S. Price Director of Pannell Kerr Forster of Texas (PKF), P.C. http://www.accountingweb.com/item/53503 

Anatomy of an e-Business Failure
"No Longer Feeling @Home Why the Current Troubles of Excite@Home Aren't Quite as the Analysts Say, But They Were Probably Inevitable," by Robert X. Cringely, PBS.org --- http://www.pbs.org/cringely/pulpit/pulpit20010830.html 

Excite was one of the first search engines and an early Internet portal, competing primarily with Yahoo. @Home was a high-speed Internet service provider owned by cable television systems. In January 1999, @Home bought Excite for $6.7 billion in stock. To understand how the companies got to today's dismal reality, it would be a good idea to start with a look at the two operations at the time of their merger. Excite was profitable, had no debt, and lots of cash from its successful IPO. Excite revenue came from advertising and nearly all its users were on analog modems. @Home was not profitable, but like Excite had no debt, and lots of cash from its successful IPO. Nearly all @Home users were on high-speed cable modems.

The merger was fraught with problems from the very beginning. The first big problem was the fact that @Home's board did not appear to understand the ramifications of their purchase of Excite until after it was done. The whole point of the merger was to create a broadband online service offering everything from connectivity to content -- a kind of high-speed AOL that would crush AOL. But after approving the merger, AT&T (@Home's largest shareholder) changed their mind on that vision. For awhile, it wasn't clear why the two companies had even merged.

Then the "open-access" pressure set in, with ISPs demanding access to users on @Home cable systems. Against this backdrop, uncertainty and infighting at the board level made it impossible for the company to execute against the synergies that made the merger worthwhile in the first place. With the board resisting the vision of the company, Excite and @Home were effectively just two unrelated businesses stuck on the same balance sheet.

The other big problem was @Home's mishandling of Excite. When the merger was completed, Excite was cash flow positive, bringing in a lot of revenue, and very successful in the portal space, though still far behind Yahoo. In fact, for the first year or so after the merger, Excite's revenue kept afloat the cable side of the business -- the @Home part.

With Excite paying the bills, the combined company still might have been successful -- except the newly merged company chose to deploy tremendous Excite resources on building a broadband-specific version of the portal when the revenue justification was tenuous (there just weren't enough broadband users) and the board support was non-existent. This resulted in a lack of focus and a long decline of the portal in general. Spending money to build the broadband portal hurt the narrowband portal that was paying the bills. The end result was that the company had a much harder time retaining portal advertisers than their competitors. All the portals were struggling with the downturn, but only Excite was neglecting its paying customers and burning resources to build a broadband presence that hardly anyone even saw. The result was that Excite declined faster and further than did the other portals.

Without advertisers, the portal business became a big cash drain on the overall company. Of course, the long-term vision for the merger required a broadband portal, but there simply weren't enough broadband customers to justify the resources expended on the project.

But wait, it gets worse. AT&T, @Home's largest shareholder, appears to many to have acted in a way that virtually guaranteed the failure of its subsidiary. Just when things were getting bleak, AT&T sent in a team of network engineers to improve reliability, and those engineers spent literally tens of millions of @Home dollars upgrading the network, contributing to the present cash crunch. Ultimately, @Home was in such poor financial shape that it had to sell back to AT&T the very same network it had just spent money upgrading. Big corporations can be smart sometimes. And if Excite@Home files for bankruptcy, as seems inevitable, its biggest creditor is AT&T, which will effectively get the rest of the company for free.

But what part of AT&T are we even talking about? Why AT&T Broadband, the part of AT&T that is, itself, up for sale! So having assisted in the death of its subsidiary, Ma Bell probably won't even get to share in any inheritance.

Wow, that's a lot of corporate intrigue! I only know about it because I have kept a close eye on the company since meeting the Excite founders in their garage back in 1993. And no, I have no financial interest in any of the companies mentioned in this column.

There is, however, this underlying issue that the analysts, especially, seem to have missed. Excite@Home failed mainly because broadband did not grow as quickly as expected. Broadband is not, at this time, a viable industry. Let me repeat that: Broadband is not, at this time, a viable industry. So Excite@Home was doomed to fail. There was probably nothing they could have done to stop the failure. Not only were there not enough broadband portal customers, but giving 65 percent of the ISP revenue to participating cable companies meant that the high-speed ISP part of the company would have never shown a profit no matter how big it grew.

Bob Jensen's threads on e-Business and e-Commerce accounting are at http://www.trinity.edu/rjensen/ecommerce.htm 


How to and how not to deliver distance education --- http://ubmail.ubalt.edu/~harsham/interactive.htm 
War stories from teachers in the first accredited online MBA program.

This site constitutes a report from the "frontliner" of e-learning, since the University of Baltimore was the first school to offer all-online accredited Web MBA. I taught the first course in this Web MBA program, which was Business Statistics: Revealing Facts from Figures. A second course in this same program was Applied Management Science: Making Good Strategic Decisions. The site covers how to begin, how to operate, and how to make e-learning successful and enjoyable. Its contents are developed over years, and is intended for my current students, and sharing my personal experiences and exchange of ideas with other educators.

Kindly e-mail me your comments, suggestions, and concerns. Thank you.

Professor Hossein Arsham 
http://ubmail.ubalt.edu/~harsham/index.html
   

Especially note the questions worth asking at http://ubmail.ubalt.edu/~harsham/interactive.htm#rqwa 

Bob Jensen's advice to new faculty can be found at http://www.trinity.edu/rjensen/000aaa/newfaculty.htm 


Flash Innovations:  How To Do a Better Job Flashing 
As Flash becomes more and more a part of routine life on the Internet, it follows that utilities have been created to help improve the experience. This review covers Clipyard, Wildform Flix, and FlareWorks. http://www.newmedia.com/default.asp?articleID=2983 


WOW Innovation of the Week --- http://www.matrox.com/mga/media_center/press_rel/2001/g550_shipping.cfm 
Record and Transmit in 3D over the Internet

Montreal, Canada, August 22, 2001—Matrox Graphics Inc. today announced that the new Millennium G550 graphics card is now available retail from Matrox's online store at www.shopmatrox.com for US $125. With the Millennium G550, computer users can create clones of their own heads and communicate to family and friends over the Internet via their digital twins.

"The Millennium G550, with its unique HeadCasting technology, takes voice over IP to the next level by letting you both see and hear a life-like 3D clone of your partner's talking head," says Dan Wood, vice president of marketing, Matrox Graphics Inc. "The G550 offers an exceptional alternative to video conferencing and it doesn't require a high-speed Internet connection or use up huge amounts of bandwidth the way video conferencing does."

Online Trends
Online communication continues to be a rapidly growing trend, but according to Forrester Research, only about 20 per cent of American home Internet users have access to broadband connections such as a cable modem or DSL connection. Strategis Group also points outs that a 56K modem is still the standard connection for approximately 57 per cent of business users in the US. What this means is that there are still a large number of Internet users who are not able to take full advantage of recent online communication applications, which are often bandwidth intensive.

Unique Bundle
Now, thanks to Matrox's unique HeadCasting technology and partnerships with LIPSinc and Digimask, visual online communication is accessible to nearly all Internet users, even those using a 56K modem. The G550 comes bundled with three user-friendly packages: LIPSinc's HeadFone for real-time online communication; Digimask, which creates a 3D replica of a person's head from just two photographs; and Matrox's exclusive application, the Matrox Virtual Presenter for Microsoft PowerPoint , which allows the user to create a PowerPoint slide show accompanied by his or her own photo-realistic 3D head.

Powerful Features
The Millennium G550 DualHead® board is an AGP 4X device equipped with 32 MB of fast Double Data Rate (DDR) memory1. The board includes an integrated DVI-I output and extends Matrox's lead in DualHead enabled graphics solutions with true multi-display support for Microsoft Windows® 20002 and the latest eDualHead™ features. The DualHead display capabilities of the Millennium G550 offer tremendous flexibility with one DVI-I output and one HD-15 output on the bracket with adaptors to convert the DVI to HD-15 and the HD-15 to composite or S-video. Matrox's unique DualHead DVDMax mode provides the highest quality DVD playback and now supports streaming video playback over the Internet for a truly immersive Internet experience.

The Millennium G550 is based on the Matrox G550's powerful 2D/3D engine, which offers improved 3D performance and explosive Windows desktop acceleration. The 360 MHz UltraSharp RAMDAC pumps out super-crisp 2D image quality at resolutions up to 2048 x1536 at the highest color depths and refresh rates making it the premier product on the market for 2D workstation users. Incorporating trusted design and features, the new Matrox G550 is fully supported by Matrox-pioneered unified driver architecture to lower total cost of ownership.

System requirements
The recommended system requirements for the Millennium G550 are a 450 MHz processor, 128 MB RAM, 56K modem, Internet Explorer 5.5 and a microphone.

Bulk SKUs
The Millennium G550 will also be available in various bulk SKUs, including output to dual DVI-I enabled flat panels, through Matrox distributors and OEM partners.

About Matrox
Matrox Graphics Inc. is the only graphics chip designer and graphics card manufacturer who draws on 25 years of industry experience to provide customers with state-of-the-art 2D, 3D and digital video acceleration, vibrant image quality and real-world functionality. A quality and innovation leader, Matrox has been recognized with over 1,000 international awards for the Millennium, Marvel, Productiva and Mystique product lines. Headquartered in Montreal, Canada, Matrox is a privately held company with international offices in the United States, the United Kingdom, France, Germany, Italy and Hong Kong. Information about Matrox products, drivers, technical support and more can be found at
www.matrox.com/mga/


Wow New Product of the Week:  Sony Shows Bluetooth Handycams 
Sony unveils two video camcorders that use wireless technology stream video to connect to wireless Net devices. From there, the video can be transmitted over the Internet. http://www.newmedia.com/default.asp?articleID=2995 


ProScope Hand-Held USB Microscope --- http://www.theproscope.com/ 

In a world of mobile phones, pagers, and conference calls, one thing remains the same: a picture is worth a thousand words. The ProScope provides the images you need to collaborate at an unprecedented level of efficiency. If you are a traveling medical technician, a forensics expert at the scene of a crime, or you just want to get your stamp collection online, The ProScope could be just the tool you need.

The ProScope is a USB handheld digital microscope designed for both PC and Macintosh platforms. With a high-quality CCD and universal lens mount, The ProScope can become a powerful asset to any classroom or lab.

It is time to put the fun back in learning. The ProScope is the ultimate tool for teachers, scientists, hobbyists, anyone who has a desire to learn about our microscopic world, unencumbered by the usual tedium of traditional microscopy techniques.

The ProScope is not limited to the classroom, however. Seasoned professionals can make use of The ProScope's powerful, yet surprisingly affordable abilities. With one-button image capture and video production, the possibilities become endless.


Wow Video Streaming Resource Site of the Week --- http://icanstream.tv/ 
iCanStream.tv is the first on-line interactive streaming media education channel focused on the tools and techniques used in creating and delivering streaming media.


ebrary  (full-text search of hundreds of business and economics books) --- http://learningnetwork.ebrary.com/

ebrary's solutions include:

eContent Distribution – We give publishers the ability to tap the Internet to increase sales and distribution.

ebrarian™ – Our ebrarian solution helps online community aggregators retain customers, create eCommerce opportunities and build brands.

ebrarian Pro – Fast and accurate, ebrarian Pro helps libraries and information professionals make the business of performing research easy and cost effective.

ebrarian A+ – For eLearning properties, ebrarian A+ makes word-level content interaction a reality, generating new comprehension and commerce opportunities.
  

Bob Jensen's threads on electronic books and libraries include the following sites:


Pace Your Brain --- http://www.wired.com/news/medtech/0,1286,46278,00.html 
This Is Your Brain on Electricity, by Noah Shachtman, Wired News, August 28, 2001

A new round of clinical trials begins for pacemaker-like devices that send electrical impulses to regulate brain activity. Such implants could be effective in controlling chronic pain, depression, epilepsy and Parkinson's.

In America, over 1.2 million people suffering from depression have found that traditional medications don't work for them, say makers of the device. About 250,000 epileptics are in the same situation, as are nearly 100,000 sufferers of Parkinson's disease.

So far, early results are positive. Dr. Rajesh Pahwa, an associate professor of neurology at University of Kansas Medical Center, has implanted hundreds of the devices, finding that 80 percent of his pacemakered patients with Parkinson's showed significant improvement -- with a 40 percent reduction in need for medication and a 40 to 50 percent reduction of symptoms.

Before receiving her pacemakers, Carole Carey, a 48-year-old retired teacher in Leavenworth, Kansas, was "tremoring all of the time" because of her advanced-staged Parkinson's. Driving a car -- even cutting up her own food -- had become impossible for Carey.

"We called it the jackhammer, because one side would be going up and down so bad," she said.

Medicines designed to reduce the tremors would send her into dyskinesia -- uncontrolled twitching -- and into bouts of hyperactivity.

Surgeons implanted two pager-sized battery packs near her collarbone and wires into her brain's subthalamic nucleus. Electrical pulses from these devices have quieted her tremors enough to allow her to cut her medical intake in half, and to start driving and eating on her own again.

These electricity-based treatments work because "all brain activity is basically electrical chattering between cells," said Dr. Rodolfo Llinas, chairman of the physiology and neuroscience department at the New York University School of Medicine.

Diseases such as Parkinson's, epilepsy, obsessive-compulsive disorder (OCD) and depression all occur when particular cell groups start "talking" too slowly, developing a sluggish, sleep-like rhythm. This drowsy conversation sets off a chain reaction, which can lead to tremors, seizures or depressive episodes, depending upon what part of the brain is affected.

"Parkinson's, depression, OCD, tinnitus (loud, incessant ringing in the ears), central pain -- they're all the same disease. The difference is their brain location, not the mechanism," Llinas said.

By emitting electrical impulses into the brain -- a process known as Deep Brain Stimulation (DBS) -- the pacemakers, such as the ones implanted into Carole Carey, are supposed to interrupt these cellular yawn-fests, waking up the cells and minimizing the episodic frequency of seizures or other symptoms that afflict the wearer.

For the rest of the article, go to http://www.wired.com/news/medtech/0,1286,46278,00.html 

Related Articles
How French Pols Say Pork: Net
Casting a Wider Net in Brazil
In Order to Have Your Advice
Unwired News:  The Next Generations
"Black box" recorder developed for operating theatres


Faculty and Program Performance Appraisal Trends

Hello James,

You may want to especially note the AACSB's  International Performance Indicators Project --- http://www.aacsb.edu/PerformanceIndicators/index.html 

The Performance Indicators Project focuses AACSB International resources on building the most comprehensive and complete database about business schools available anywhere. This database will be used to provide members with a customizable set of information products and services designed to support planning, budgeting and continuous improvement efforts. The online system, scheduled for launch in January 2001, will be available for use only to schools that provide data.

Certain data, specifically indicated in AACSB International surveys and questionnaires, also will be available via the AACSB International Web site to promote member schools to key stakeholders such as prospective students, employers and the media. The Web increasingly serves as the primary resource for prospective business faculty, students and employers. Participating schools also will be eligible for inclusion in exclusive AACSB International lists and other informational pieces designed to better inform stakeholders about business schools, accreditation and the management education industry.

AACSB International Newsline articles about the Performance Indicators Project 

Frequently Asked Questions (FAQs) about the Performance Indicators Project – PDF 

This is also one of the topics covered in the American Accounting Association's benchmarking/partnering initiative.  See http://accounting.rutgers.edu/raw/aaa/partners/partners.htm 

ACADEMIC PARTNERS will help your department improve through:

You may want to track the new Leadership Express Newsletter at http://accounting.rutgers.edu/raw/aaa/partners/vol1no1.htm 

Then if you really want to be overwhelmed, enter the phrase "Faculty Assessment" under the category "exact phrase" at http://www.google.com/advanced_search 

A message from Jim O'Neill [jinkso@HOTMAIL.COM

Greetings from Cape Breton!

I am seeking articles/critiques of the performance appraisal tool, especially as applied to post-secondary educational institution faculty.

Thanks.

James B. O'Neill, CA


Global 500: The World's Largest Corporations http://www.fortune.com/global500 

Fastest Growing Companies http://www.fortune.com/fastestgrowingcompanies 

"Survival course A few independent e-markets bucking the trend, thrive," by Matt Hicks, eWEEK August 14, 2001 --- http://www.zdnet.com/eweek/stories/general/0,11011,2804253,00.html 

Plotting e-marketplace survival Determining which independent, public e-marketplaces are going to succeed can be tricky. The key is to look at the fundamentals of their businesses and their models. Here is the list of criteria a group of five editors and writers at eWeek used to make their picks, and it is just as applicable for enterprises trying to find a viable e-marketplace partner.

Profitability 
Has the company achieved profitability? If not, determine how close it is and be leery of those needing to raise extra money.

Financial backing 
Are the backers in it for the long run? Look at whether a particular e-marketplace that needed more capital was able to raise funding in the past six months despite the slowdown.

Value-added services 
Does the e-marketplace offer more than just a platform for buying and selling goods? E-marketplaces should be adding new services, such as logistics support and financing, so they're able to generate new revenues.

Customer profile 
What types of customers has the e-marketplace attracted, and are they committed to using the exchange? Examine whether the e-marketplace is attracting new customers and increasing transaction volumes.

Competitive landscape 
If there's more than one direct competitor, does the independent e-marketplace in question have any clear advantages? In addition, if there is one or more industry-led consortia competing against the e-marketplace, consider whether the independent still has a role and whether the industry is fragmented enough for multiple e-marketplaces.


"Machines in the Myths: The State of Artificial Intelligence," by DeAnne DeWitt, ChipCenter --- http://www.chipcenter.com/columns/ddewitt/col002.html 

Use the term "Artificial Intelligence" around most people, and it conjures images of thinking, emotive machines, often in anthropomorphic form. Film and fiction have portrayed AI so often and in such depth, that the meme of "machine consciousness" has become embedded in people's minds. From 2001's HAL to Star Wars robots to Terminator and the sad little boy in A.I., we've been provided with images and mythic tales of machines making informed conscious decisions and exhibiting emotion.

Reading consumer-level science journals and corporate press releases can lead one to believe that AI is making huge leaps towards self-aware machines. It is as though mere moments separate us from being able to find out why the answer is 42. [i] Recently, Dr. Douglas Lenat, the AI visionary and world-renowned computer scientist leading the Cyc project, gave interviews that suggested that Cyc had achieved consciousness and that they were busy programming hard logic moral rules for it.

Cyc, (pronounced Psych), is a project working on a "commonsense" approach to AI that has been quietly under development for almost 2 decades. When I asked John DeOliveira, the marketing director at Cycorp, to define "commonsense", he said: "If you look at an encyclopedia, you'll see a great deal of knowledge of the world represented in the form of articles. Common sense is exactly not this knowledge. Common sense is the complement of this knowledge. It is the white space behind the words. It is all of the knowledge that the article writer assumed all of his/her readers would already have prior to reading the article -- knowledge that could be put to use in order to understand the article. Cyc is about representing and automating the white space." (I love that answer.)

Large portions of the Cyc knowledge base will be released to the world at large in August 2001, in the form of OpenCyc, which may be the largest open-source collection of inferentially categorized data in the world. [ii] According to the company, it will have a knowledge base of "6,000 concepts: an upper ontology for all of human consensus reality and 60,000 assertions about the 6,000 concepts, interrelating them, constraining them, in effect (partially) defining them." The main, nonpublic Cyc knowledge base has over 1.4 million assertions and took approximately 500 person-years and $50 million dollars to develop.

Cyc is not the only "commonsense" project out there. MIT and Mindpixel both have projects [iii] that are similar, although Cyc appears to be considerably more sophisticated. Dr. Lenat was quoted in the Los Angeles Times [iv] as saying "Cyc has goals, long and short-range. It has an awareness of itself. It doesn't care about things in the same sense that we do, but on the other hand, we ourselves are only a small number of generations away from creatures who operated solely on instinct." In the same article Dr. Lenat went on to say, "No one ever told HAL that killing is worse than lying. But we've told Cyc."

Well, I don't know about you, but I found that statement kind of spooky. Even with a couple dozen philosophers on board, how do you set non-contextual rules for that sort of thing? Whose morals are you going to use? For example, is all killing worse than all lying? What if it's the state doing the killing in an execution? Is it wrong to kill someone who wants to die? Is it wrong to kill to protect yourself? These are the types of questions I wanted to ask Cyc. If they were building a machine with morals, I wanted to understand what sort of context it was using for moral ontology. [v]

I was curious as to whether I could "talk" to the prime knowledge base, Cyc itself, in Natural Language format. Now, when I say talk to it, I didn't expect it to be an Alicebot chat clone. I'm not sure exactly what I was expecting, but I figured that any machine that had been hand-coded by philosophers had to be the closest we've come to a conscious machine, and I wanted to do an interview with it. (Yes, I can hear you laughing...and it's not very nice.)

In my chat and email conversations with John DeOliveira at Cycorp, he was kind enough not to giggle when I stated my desire to interview Cyc. He provided a lot of information and access to DARPA tests of Cyc so I could see how the query process and information addition worked. But he said that it wouldn't be possible for me to "play" with Cyc. A trained skill-set is required to be able to efficiently interface with the Cyc engine, and naturally, they're reluctant to let random people come bang on a keyboard. Mr. Oliveira answered many questions that I had, but he was reluctant to answer questions about Dr. Lenat's assertion of consciousness, the topic in which I was most interested.

So, I thought perhaps I was just asking the wrong questions. After consultation with many experts, [vi] and reviewing many books, white papers and thesis after thesis; I came to the conclusion that the media's representation of AI is akin to seeing hackers portrayed in the media. Which is to say, that the reality and the meme (or belief) are radically different things.

I also discovered that I was unlikely to get anyone to firmly commit to a discussion about "consciousness" in a real-life application. Which is to say, nobody has actually created a self-aware, thinking machine. A machine which thinks all the time, without being given a set task or problem and has a philosophy about what role it fills in the grand scheme of creation. I couldn't find anyone who was willing to say that there was a project that could pass a Turing [vii] test. Yet. Which may be just as well, as the science of what's really going on in AI is even more interesting and varied than the fiction that surrounds it.

For the rest of the article, go to http://www.chipcenter.com/columns/ddewitt/col002.html 

Expert and Knowledge-Based Systems
Natural Language Processing
Sensory Capabilities and Digital Processing
Robotics
Artificial Neural Networks
Data Mining
Machine Learning in General

See Also

AI's Greatest Trends and Controversies. IEEE Intelligent Systems. (January/February 2000). (Also available in pdf.)

AI on the Web

AI Topics
This site is oriented toward teachers, students and the general public interested in or researching artificial intelligence or expert systems.

American Association for Artificial Intelligence
Professional organization.

Artificial Intelligence Resources
A links list from the Institute for Information Technology. Includes bibliographies, publications, societies, newsgroups and mailing lists, subject lists, etc.

Journal of Artificial Intelligence Research
Many articles available full-text.

MIT Artificial Intelligence Laboratory
Resources and reference section of this web site will be primarily useful to researchers.

 


A New Kind of Dictionary from HyperDic --- http://www.hyperdic.net/ 

HyperDic is a hyper-dictionary: a new kind of dictionary, linking together related words of the English language. The Free HyperDic Online English Dictionary consists of 8,000 web pages, covering 8,000 of the most frequent English words. There is also a more comprehensive offline release of HyperDic on CD-rom, with full coverage of more than 120,000 English word forms.

HyperDic was derived from version 1.6 of the original Wordnet ® database. WordNet links each word to different sets of other words that have a related meaning, like for instance similar, opposite, broader or narrower terms.

In HyperDic, these links are expressed directly as hypertext links, making it possible to "surf" through the English vocabulary, thus allowing a powerful, easy consultation of the system, which facilitates learning.

At the top of each page, there is a menu bar, with a link labelled Words, leading to the Alphabetical Word Index, with further links to all the words in the system. Another link, labelled Help, leads to the documentation files.

It is also possible to search for particular words through the searchbox, displayed just below the menu bar. This functionality is further described in the Search Help.

Bob Jensen's links to dictionaries and glossaries are contained in the following two sites:


Our health care system is in need of a serious overhaul.  For a high quality book from The National Academies summarizing health care system problems and the correction alternatives, go to Crossing the Quality Chasm: A New Health System for the 21st Century --- http://www.nap.edu/books/0309072808/html/ 

Other books from The National Academies are linked at http://www.nap.edu/ 

As Mary Stefl pointed out to me, the books can be downloaded free by downloading one page at a time.  Unless you have trained your dog or monkey really well, downloading these books on the Internet is not at all practical.  You can, however, download selective pages and conduct searches of the entire book on the Internet.

Also see Global Health.gov --- http://www.globalhealth.gov/ 


Internet Explorer IE 6 Put Down
The Microsoft browser has so few new features, it shouldn't be considered an upgrade. However, eWEEK Labs finds the improved cookie controls most welcome. http://cgi.zdnet.com/slink?136169:2700840 

Internet Explorer IE 6 Overview --- http://hotwired.lycos.com/webmonkey/01/30/index3a.html 
As the official release of Microsoft's latest browser looms, Mike Calore gives a glimpse of what to expect, including the good (advanced P3P support), the bad (Smart Tags), and the whatever (integrated multimedia tools).

Microsoft's latest browser, Internet Explorer 6 (which hits the streets soon and will ship with the Windows XP operating system in October, 2001), looks like it just might break the trend of developer whining. Not only does it include long-awaited standards support, but it also comes with integrated media features and it's a lot speedier than previous releases. Plus it represents Microsoft's first large-scale implementation of secure user-defined privacy protection. Don't get me wrong, IE 6 has its drawbacks. But with these improvements, it's set to make a big splash with the Web's heart and soul, the end users. More importantly, it's going to appeal to developers.

DHTML developers are already IE converts: Netscape has always struggled with CSS support — it gets just a whiff of stylesheets and ... Kaboom! IE, on the other hand, at least managed not to explode on contact. And with IE 6, Microsoft is widening the dHTML-support gap even further. The latest release now includes full support for CSS level 1 and DOM level 1, and dHTML elements load even more quickly in the new release.

XML and XHTML support has improved as well. IE 6 also fully supports the SMIL 2.0 animation language, now a standard recommendation from the W3C.

On the down side, the IE tradition of fast-loading images may live on in this release but the support of graphic formats PNG and SVG is still rather shaky, which is a shame because they're both excellent. That said, the auto picture resizing feature in IE 6 is rather impressive. It used to be that when an extraordinarily large picture loaded into the browser, the user had to scroll horizontally and vertically to view the whole image. The new resizing feature shrinks the picture to fit within the current size of the browser window, and the user can toggle between the original size and the reduced size with a click of the mouse button. Also, the new Image Toolbar allows users to automatically save, print, and email photos (copyright issues be damned) using a floating palette of recognizable icons.

IE 6 also has an integrated media player (which feeds — what else — MSN content) and an MSN Messenger window, both of which pop up with the click of a toolbar button.

No doubt these new graphics and media integration tools will be welcomed by users looking to add a little spice to their Web browsing experience. Thankfully, all of the features, which some might find intrusive (such as the media player and MSN messenger), can easily be disabled and ignored.

. . . (large portion of the article not quoted here.)

Just because a site claims that it won't do anything untoward with your personal information, that doesn't guarantee anything: If the site owners are dishonest, they may just sell your email address anyway for a tidy profit. P3P requires "assurances" within privacy statements, which means P3P-compliant websites need to provide the name of a third-party organization that is responsible for making sure the site follows its own privacy rules. Even so, there's no doubt that ill-minded companies can use private information anyway, even after promising not to. Also, some security buffs worry that Microsoft is taking a big leap into new territory here. Even though P3P, as an idea, is more than three years old, many in the industry feel that it's not the best or most full-featured solution out there.

So is Microsoft jumping the gun? Naysayers are quick to point out that Microsoft has a habit of adopting standards too early, modifying them, and then releasing software that is less than fully standards-compliant. And those skeptics will probably be proved right — just look at the history of CSS support in Internet Explorer.

However, common sense dictates that a standard will only be adopted if the industry leader uses and evangelizes it first, and since 70 to 75 percent of Web traffic comes from users running IE version 5.0 or above, Internet Explorer is the most likely candidate for the early adoption of emerging standards. And Microsoft is stepping up to the plate.

And the other browsers aren't all that far behind. Netscape's version 6.1 browser was released last week with improved privacy options such as cookie managers and an extra level of password security. And both Netscape and Mozilla are busy adding P3P support to their browsers, meaning we should see support for the platform in their next releases.

All things considered, it looks as though P3P will receive a final recommendation from the W3C. There are over two dozen companies from the Internet, financial, and hardware industries dedicating resources to P3P development, including AOL, Netscape, TRUSTe, Citigroup, and Hewlett Packard. Microsoft also teamed up with AT&T for the development of its client-side P3P agent. And if Microsoft can prove that the P3P features in IE 6 are working properly (which will have to wait until the browser is released officially and it gets put to the test in real life), the W3C recommendation will come even sooner.

So maybe Microsoft is being a little hasty, but the vast majority of its users would agree that a technology that increases privacy — on your terms, no less — is a good thing.

Also see
Internet Explorer 6 --- http://www.microsoft.com/windows/ie/ 


Some schools provide handheld devices to help students learn, while others ban them to prevent disruptions and cheating. --- http://www.wired.com/news/school/0,1383,45863,00.html 

These different approaches point at the lack of agreement on whether handheld devices stimulate learning in the classroom or detract from it.

According to International Communications Research, 23 percent of teens aged 13 to 19 say their schools forbid them from bringing in Palm Pilots. A whopping 60 percent of schools ban beepers and 55 percent of schools prohibit the use of cell phones, students said.

Most of the schools, including Ann Arbor Open, cite two reasons for the prohibition: concern over theft and dislike for the disruptive noises such devices make during class.

While it's difficult to find someone who doesn't agree that a ringing cell phone in public is annoying, parents and educators are concerned that school districts are banning Palms prematurely.

Unlike cell phones and pagers, Palms can be used directly for educational purposes: Software like dictionaries, graphing calculators, e-books and thermometers can be downloaded onto the Palms and used to simplify studying and classroom participation.

"I have no data, but I believe kids will read more on the Palm than they do on books because Palms are their generation," said Elliot Soloway, a professor in the college of engineering and school of education at the University of Michigan.

"Books are Perry Como's generation.... The children don't see the Palm as a computer, they see the Palm as media. Media is hot. Media is exciting. That's why they're going to participate in the reading."

Soloway, who is studying Palm handheld programs in schools, said that in order for "computing technology" to be effective in class instruction, there must be enough hardware for all the students, teachers must know how to use it, and administrators and parents must be supportive of the curriculum that incorporates it.

See also:
Forget PTA; This School Goes PDA
Schools Get a Helping Handheld
E-Textbooks Offer Light Reading
What's Really in Their Backpacks
Unwired News: The Next Generation


Pro DMCA Arguments:  No Need to Alter DMCA --- Yet
The U.S. Copyright Office says some minor changes are needed in the digital provision of copyright law, but full-scale alterations are not necessary right now --- http://www.wired.com/news/politics/0,1283,46440,00.html 

Some say the owners of copyrighted works are using new digital formats, like music files and electronic books, to undermine that right of resale aided by technologies like encryption and restrictive licenses.

The protection of software, music, movies and other media from digital piracy was strengthened by the Digital Millennium Copyright Act of 1998.

Hailed by copyright owners like the music industry, which has managed to sharply curb the activities of Napster, the online song-swapping service, the law has been criticized by others for restricting "fair use" rules allowing the public to make copies of protected material for personal use.

Libraries, in particular, are concerned that abilities to make interlibrary loans, provide off-site access to materials and use donated copies is impaired.

But the Copyright Office, directed by the 1998 legislation to review the law, said it saw no need, just yet, to specifically cover digital transmissions in section 109 governing the sale of legal copies of copyright works.

"We are in the early stages of electronic commerce," it said. "We hope and expect that the marketplace will respond to the various concerns of customers in the library community."

But the Copyright Office study said Congress should allow copy owners to make backup copies of digital works while ensuring that the copyright owners are protected by preventing the sale of these archival copies.

This change would give backup copies of digital works, like films and music, the same protections currently enjoyed for additional copies of computer programs.

Congress was also advised to protect those engaged in sending audio files from additional royalty claims on the incidental and temporary buffer copies made by computers to allow smooth audio transmissions.

Earlier this month, two U.S. lawmakers unveiled legislation aimed at promoting competition among online music services that included provisions covering "fair use" copies.

The Music Online Competition Act sponsored by Republican Rep. Chris Cannon of Utah and Rep. Rick Boucher, a Virginia Democrat, would allow users to make backup copies of legally acquired music files as protection against a computer crash or similar technical glitch.

Online distributors would be able to make multiple in-house recordings, called "ephemeral copies," for efficient distribution of music online via different file formats.

Con DMCA Arguments:  When Copyrights Become Selfish Rights and Dysfunctional

From InformationWeek Online on August30, 2001

** Law Prof: Lawyers Threaten Open-Source Movement

SAN FRANCISCO--Stanford Law School professor and cyberspace expert Lawrence Lessig exhorted software developers Wednesday to lend their voices and money to defeating intellectual-property laws that he says chill innovation.

Speaking at the LinuxWorld Conference and Expo here, Lessig said new regulation on electronic content distribution--and the changing nature of the Internet--threaten to alter the balance between free distribution and controlled content. Lessig has advised the courts on the Microsoft antitrust case, written on Internet law, and clerked for Supreme Court Justice Antonin Scalia. "You shouldn't like me--I produce lawyers for a living," Lessig said. "You built an extraordinary platform for innovation, and my kind is working to shut it down."

The Internet's architecture doesn't discriminate by content. "That system is being changed," he said. Unlike traditional telcos, cable TV and wireless telcos can favor certain types of traffic. And U.S. laws, such as the 1998 Digital Millennium Copyright Act (which makes it illegal to distribute tools that can be used to circumvent copyrights), give Hollywood "perfect control" over how its content is distributed, Lessig said. Ultimately, "certain companies and certain nations are in better positions to innovate than others."

And open-source advocates aren't helping matters by attacking all intellectual-property protection with "crude" oversimplifications, Lessig said. The problem is, he said, too many find it "more fun to blather on [open-source message board] Slashdot" instead of actually doing something about the problem. Entertainment lawyers and big IT companies have "seized the high ground," he said. "The people who can make a difference in this battle are you." 

See Also

Law Prof Cajoles Dmitry Allies
Sklyarov Indictment 'Not Unusual'
SDMI Code-Breaker Speaks Freely
Dutch Cryptographer Cries Foul

For more background, read Tales From The Encrypt http://update.informationweek.com/cgi-bin4/flo?y=eER10BcUEY0V20RmN0AK 

Federal Court Hears DVD Case Appeal http://update.informationweek.com/cgi-bin4/flo?y=eER10BcUEY0V20RmO0AL 


Big Five firm Ernst & Young is finding recruiting on an international level is not the least bit scary, now that the firm has associated itself with a monster. http://www.accountingweb.com/item/56074 

For the fifth consecutive year, Big Five firm Ernst & Young has brought home the gold in Canada. The firm garnered top honors in the areas of tax planning and tax transactions in a survey of thousands of in-house experts and CEOs across Canada. http://www.accountingweb.com/item/55824 


How to Design Websites

Tax Dollars Put to Good Use in Wonderful Website Designs
What does the federal government know about Web sites? Plenty, judging from the success of the "America's Library" site. Learn how the site generated 100 million hits in one year, and pick up hints for your private-sector efforts. http://www.newmedia.com/default.asp?articleID=2974 

Pervasive Usability
Designing Web Sites that Work Due in October, the book "Usability Engineering for the Web" advocates "pervasive usability" where usability is factored into the entire Web site design process. This integrated approach to usability saves money by catching problems early in the design life cycle. http://www.newmedia.com/default.asp?articleID=2980 

"Search Engine Optimization FREE!" by Paul Boutin, Webmonkey, August 6, 2001 --- http://hotwired.lycos.com/webmonkey/01/23/index1a.html 

Color Contrast & Dimension in News Design --- http://poynter.org/special/colorproject/index.html 

AltaVista Now Accepting URLs By The Truckload The launch of "Trusted Feed Program" allows for multiple URL submissions including framed pages and pages with dynamic content. http://siliconvalley.internet.com/news/article/0,2198,3531_867001,00.html 

Dynamic Web Sites with XML, XSLT and JSP Your programmers and designers needn't be enemies just because your site uses dynamic data. One way to keep both camps happy is to use an XML based data structure delivered via Java Server Pages. http://www.webreference.com/xml/column37/ 


How not to design Web sites.
Is violence inherent in human nature?
Qrime.com --- http://www.qrime.com/ 

The above site was created by Juvenile Productions and it shows.  It is a long on Flash animations and short on content.  However the multimedia is interesting.  Note that it is very bad site in terms of telling you how to navigate.  I had my best luck by dragging my mouse across the squares at the bottom of the screen until I chanced upon red squares that change the action.  

The sum of it seems to me to be that I'm too old to waste much time on sites designed like this.


Teasing and telling tales about fellow high school students is a time-honored tradition. The Web makes it easy, anonymous and, from the principal's perspective, annoying --- http://www.wired.com/news/school/0,1383,46359,00.html 

In its year online, DRHS News has become a sensation at Diamond Ranch, getting students riled up over the rumored transgressions of its students. It's not only about eating too much pie: The site's gossip page details the sexual escapades of cheerleaders, the drunken episodes of teachers and dozens of other situations of a mostly prurient variety.

Its "news" is immature, cruel and probably mostly untrue -- which makes it both disquieting and irresistible. Adolescents, to a slightly greater degree than most other humans, love to tear each other down, and if they can do it easily and anonymously through the Internet, so much the better.


Efforts by States to Tax Internet Commerce 
Read about some of the  latest on efforts by some states to tax purchases made via the Internet, as well as details on a new federal government "privacy czar." Brought to you by the Association for Interactive Media ( www.interactivehq.org  ). 
http://www.newmedia.com/default.asp?articleID=2985
 


From Yahoo Picks on September 3, 2001

Metaphilm --- http://www.metaphilm.com/ 

A dozen pasty film society undergrads stuck in some big state school might come up with something as wonderfully eclectic and free-associative as Metaphilm. Subtitled "we don't review films, we interpret them," Metaphilm features a motley collection of rants about film, religion, and popular culture in general. The latest feature discusses the parallels between the imaginary friends in "Fight Club" and "Calvin and Hobbes," and another compares the new "Planet of the Apes" with the mother of all racially charged films, "Birth of a Nation." And don't miss the lengthy treatise on "A.I." and popular American condiments.


"U.S. Plays Dumb With Smart Cards," Reuters, August 22, 2001
Europeans love 'em, but U.S. citizens have yet to go gaga over so-called smart cards. It's enough to make a credit card company like American Express blue --- http://www.wired.com/news/business/0,1367,46242,00.html 


The work of an Indian teenager, "The Unofficial Guide to Ethical Hacking" endorses "ethical hacking" and explains all the mechanisms of the infamous craft to common users. http://www.newmedia.com/default.asp?articleID=2970 


"Borders Books kills face-scanning plan amid criticism," by Rick Perera, Computer World, August 27, 2001

Bookstore chain Borders Group Inc. has temporarily suspended a trial plan to implement FaceIt face recognition software in two stores in the city, pending a review of legal and human rights issues, spokeswoman Jenny Carlen said.

The software, sold by Minnetonka, Minn.-based Visionics Corp., fights shoplifting by constantly comparing images of shoppers captured by a store video camera against a police database of known criminals, according to information on Visionics' Web site. If no match is found, the images taken in the store are then discarded.

U.K. imaging specialist Dectel Security Ltd. has implemented the system in the London borough of Newham, which achieved a 34% reduction in crime in two years, according to Visionics. Dectel announced in April that police in Birmingham City Centre had also installed the system.

But the growing use of face-scanning technology for crime control in the U.K. has run up against criticism from privacy and human-rights advocates.

"We've suspended any plans to implement it until we can confirm what's going on with Dectel and the human-rights issues that have been raised," said Carlen. "And even then we may decide it's in the best interest of our customers not to go ahead with the trial."

She said the pilot project had been initiated by officials at Borders' U.K. branch, and referred a reporter to Managing Director Philip Downer. He couldn't be reached Monday due to a public holiday in the U.K.


I don't think this surprises most of us who doubted early claims that anonymity in electronic communications radically changed social behavior of interpersonal communications, especially the theory that the meek would inherit the Web).

"Conformity Rules in Cyberspace," The Australian, August 22, 2001
http://www.theaustralian.news.com.au/common/story_page/0,5744,2651185%255E12333,00.html
 

THE theory that the anonymity offered by the internet will free its users to behave outside social norms has been shown to be a myth by a study at Murdoch University's school of psychology. Surprising results from the research reveal internet chat-room users replicate social behaviour from the off-line world, such as conforming to authority and peer pressure.

Funded by an Australian Research Grant, PhD student Adam Proll and psychology professor Mike Innes ran experiments over three years by accessing chat rooms and testing their theories on participants.

"People have a tendency to believe that the internet is a passive communication medium and impersonal," Mr Proll said.

But it was dangerous to believe it was a medium that could not touch people's lives or have a big effect on them.

"It does have a social effect on people, and we need to understand how and why that works because anyone can get access to a computer and have an impact on people worldwide," he said.

In the experiments, Mr Proll and Professor Innes entered chat rooms, with approval from the university's ethics committee and chat-room leaders, using assumed identities.

They manipulated the test through a team of helpers who acted as chat-room participants, pretending not to know each other.

One test used to measure levels of conformity involved, asking participants which of four lines was the same length as another. Without prompting, participants answered correctly, but when the phony participants insisted a different answer was correct, the other participants began to agree.

This was an example of conforming to peer pressure as might occur in the real world, Mr Proll said.

Professor Innes said people were still people in chat rooms and therefore still conformed to society's rules when they were imposed. If an opinion was reinforced by a figure in authority, chat-room participants generally conformed to the popular view. Females appeared to be more likely to conform to authority.

The team is completing a second research project, examining to what extent the anonymity of the internet breaks down racial prejudice.

The rest of the article is at 
http://www.theaustralian.news.com.au/common/story_page/0,5744,2651185%255E12333,00.html
 


Scientific and Medical Aspects of Human Cloning --- 
http://www4.nationalacademies.org/pd/cosepup.nsf/web/human_cloning?OpenDocument
 


I wonder how many Texans stop to think what their beer is all about?
Beer Advocate --- http://www.beeradvocate.com/ 


Wall Street analysts once known for their upbeat reports on profitless Net firms are now more willing to show a mean side. Case in point: Merrill Lynch's Henry Blodget, whose scathing words helped set ExciteAtHome's downward spiral in motion --- http://www.wired.com/news/business/0,1367,46235,00.html 

Bath Postal Museum --- http://www.bathpostalmuseum.org/ 


The College of Southern Idaho drops outspoken cattle industry opponent Jeremy Rifkin from a list of speakers after farmers threaten to boycott --- http://www.wired.com/news/politics/0,1283,46375,00.html 

But unless we get too self righteous about this, remember that the most banned book in U.S. schools is a famous book written by Mark Twain.  In the land of the free, censorship reigns on literature that threatens the dignity of diversity or our pocket books.


Maybe so, but how would Henry Blodget have been constrained if Merrill Lynch had done a financing deal for ExciteAtHome?


Issues on Security and Privacy --- You're being bugged!
Web bugs are hidden graphics embedded in web pages that collect information about visitors to the site. A new study has revealed that the use of web bugs has increased 488 percent in the past three years. On average, a web page is nearly five times more likely to contain a web bug today than in 1998. http://www.accountingweb.com/item/56323 


"Machine-Phase Nanotechnology A molecular nanotechnology pioneer predicts that the tiniest robots will revolutionize manufacturing and transform society," Scientific American, by K. Eric Drexler --- http://www.scientificamerican.com/2001/0901issue/0901drexler.html 

See Also

The Foresight Institute and the Foresight Guidelines: www.foresight.org

Richard Feynman's lecture "There's Plenty of Room at the Bottom" can be found at www.zyvex.com/nanotech/feynman.html


Since Brent Carper was nice enough to invite me to Cairo next April, I thought I would provide some links to his university, The American University in Cairo --- http://www.aucegypt.edu/ 

A Brief History of The American University in Cairo
The American University in Cairo was founded in 1919 by Americans devoted to education and service in the Middle East. For its first 27 years the university was shaped by its founding president, Dr. Charles A. Watson who wanted to create an English-language university based on high standards of conduct and scholarship and to contribute to intellectual growth, discipline, and good character of the future leaders of Egypt and the region. In addition, he believed that such a university would greatly improve America's understanding of the area.

Initially, AUC was intended to be both a preparatory school and a University. The preparatory school opened on October 5, 1920, with 142 students in two classes that were equivalent to the last two years of an American high school. The first diplomas issued were junior college-level certificates given to 20 students in 1923. At first an institution only for males, the University enrolled its first female student in 1928, the same year in which the first University class (two B.A.'s and one B.S.) graduated. Master's degrees were first offered in 1950.

Originally AUC offered instruction in the arts and sciences and in education. In 1921, the School of Oriental Studies was added to the University, followed in 1924 by the Division of Extension. This division was later renamed the Division of Public Service, and finally evolved into the Center for Adult and Continuing Education.

In 1956, the School of Oriental Studies was incorporated into the Faculty of Arts and Sciences as the Center for Arabic Studies. The English Language Institute was added the same year. After the Faculty of Education was discontinued in 1961 and degree offerings were dropped from the Division of Public Service, University degree work was consolidated into a single academic structure, the Faculty of Arts and Sciences.

AUC's two applied research units, the Social Research Center and the Desert Development Center, were established in 1953 and 1979, respectively. Another landmark in the history of the University was the development of professional programs: the departments of Engineering, Computer Science, Journalism and Mass Communication, and Management now offer several degree programs at the Bachelor's and Master's levels.

In 1960, AUC enrolled approximately 400 academic students, at a time when Egyptian national universities enrolled more than 150,000. Aware of the need for AUC to expand in order to function effectively as a University, the trustees developed a ten-year growth plan in the late 1950's; this was followed by another plan for further growth during the decade of the 1980's. By 1969, the University had more than tripled its degree enrollment to over 1,300 students, 450 of whom were pursuing graduate studies. Since then it has grown to almost 4,500 students (1996), with almost 600 students at the master's degree level. Adult education expanded simultaneously and now has more than 11,000 students in courses and training programs; it is currently expanding its work through extension programs in Cairo, in the Egyptian governorates, and in the Arabian Peninsula.

Much of AUC's expansion was undertaken in cooperation with other institutions. In Egypt, the national universities, government ministries, and public and private organizations have provided students, faculty, facilities, and counsel. In the United States, a similar blend of institutions and resources has strengthened the University's own program and enabled it to contribute to improved American understanding of Egypt and the surrounding region.

Currently, AUC's academic programs are organized into three schools: Humanities and Social Sciences; Sciences and Engineering; and Business, Economics and Communication. Educational training and major research projects continue to be carried out through the Center for Adult and Continuing Education, the Desert Development Center and the Social Research Center.

The University and its faculty, staff and administration maintain professional relationships with other institutions and associations internationally, nationally (in both Egypt and the United States) and regionally (in the Middle East, Africa, and the Arab World). This is probably most clearly demonstrated through the University's memberships in over 60 academic and professional associations, such as: African Studies Association, American Association for Higher Education, American Chamber of Commerce in Egypt, American Council of Education, American Research Center in Egypt, Arab Association of Collegiate Registrars and Admissions Officers, Association of African Universities, Association of American International Colleges and Universities, Association of Governing Boards, British Universities Film and Video Council, Council for the Development of Economic and Social Research in Africa, European Accounting Association, International Association of Universities, International Linguistics Association, Middle East Studies Association of North America, National Association of College and University Business Officers, National Association for Continuing Education and Training, National Association for Student Personnel Administrators, Society for College and University Planning, and Sudan Studies Association.

The American University in Cairo is incorporated in the State of Delaware. The Educational Institution Licensure Commission of the State of Delaware licenses the University to confer degrees. The Commission on Higher Education of the Middle States Association of Colleges and Schools accredits AUC in the United States. In Egypt, the University operates as a private cultural institute within the framework of the 1962 Egyptian-American Cultural Cooperation Agreement. The University's degrees are recognized as equivalent to those awarded by Egyptian national universities. The Accreditation Board for Engineering and Technology in the United States accredits the University's undergraduate engineering programs and AUC's undergraduate Computer Science program is accredited by the Computer Science Accreditation Board in the United States. AUC is the only school outside of the United States to receive accreditation by these two Boards.

Nearly two years ago I posted some of Brent Carper's research at my Website at http://www.trinity.edu/rjensen/cultures/culture.htm 


Some of us just cannot understand "Fourier Decomposition" and "Damped Harmonic Oscillator."  For us dummies, bring on the pictures and animations.
Acoustics and Vibration Animations --- http://www.kettering.edu/~drussell/demos.html 


Irish Museum of Modern Art --- http://www.modernart.ie/ 
Too modern for this old guy.  Where are the good old Irish horses, flowers, buildings, and nudes?


Not for the likes of Bob Jensen
If you're the type of person who absolutely needs to have every single element of your life organized, then OnePlace from Franklin Covey/Enfish is the software you've got to have. (A NewMedia REVIEW) http://www.newmedia.com/default.asp?articleID=2989 


The Integrated Postsecondary Education Data System (IPEDS --- http://nces.ed.gov/ipeds/ 
Features

IPEDS Web-Based Data Collection allows institutions to provide NCES with the required statistical data, replacing the paper survey forms that have been used in past years.

IPEDS Peer Analysis System and Self-guided Tutorials enables a user to easily compare a LinchPin institution of the user’s choosing to a group of peer institutions, by generating reports using selected IPEDS variables of interest.

IPEDS College Opportunities On-line (COOL) presents data on institution prices, financial aid, enrollment, and type of programs that are offered by the institution. IPEDS COOL is designed to help college students, future students, and their parents understand the differences between colleges and how much it costs to attend college.


No birds mentioned.
Everything About Bees --- http://bees.ctw.net/ 


Having trouble with the new FASB standards? 

The FASB has finalized Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets which change the rules for how companies must account for business combinations, goodwill and other intangible assets.

Andersen developed a four-page Executive Summary (PDF 26k, 4 pages) on these new standards. With this summary, Andersen will help you understand the key rule changes, the issues raised by the new rules and a timeline for transitioning to them. Also included is a primer on fair value and a one page supplement (PDF 14k, 1 page) that describes the transition rules for companies with a noncalendar year end.

Coming Soon!
Andersen's Controller's Supplement on the new rules. The Controller's Supplement identifies the action steps needed to implement the new rules, and contains a topic-by-topic comparison of the new rules to the old. Visit this site to download this update when it is available.

Accounting for Business Combinations Publication
The provisions of Statements No. 141 and No. 142 as well as Andersen's interpretations of them will be included in Andersen's loose-leaf publication in the near future.

Accounting Research ManagerTM
As with most accounting literature, the accounting for business combinations, goodwill and intangible assets will continue to evolve. To ensure that you have the most relevant, up-to-date and comprehensive accounting and SEC guidance on all topics, Andersen provides its internet-based research database, Accounting Research Manager.

Get more information about Accounting Research Manager and our 30-day free trial offer.


Pricewaterhouse Coopers also has a helper site called "FASB STATEMENTS NO. 141, BUSINESS COMBINATIONS, AND NO. 142, GOODWILL AND OTHER INTANGIBLE ASSETS" --- http://www.cfodirect.com/cfopublic.nsf/?opendatabase&id=MSRA-4ZUUH4&doc=public 

PwC Observation: We expect that the staff of the U.S. Securities and Exchange Commission (SEC) will have a heightened interest in the initial application of FAS 141 and FAS 142, given their (1) public comments expressing concern over the identification and valuation of intangible assets and (2) continued focus on impairment issues. Therefore, SEC registrants should ensure that their conclusions are well supported and documented. They should also be prepared to address questions relative to identification of reporting units; identification and valuation of intangible assets; selection of useful lives; determination of whether an intangible asset has an indefinite life; and recognition of transitional impairment losses.


Ira is on the FASB's Derivative's Implementation Group (DIG).  He maintains a very helpful Website on derivative financial instruments and FAS 133 requirements for accounting for such instruments --- http://www.kawaller.com/ 

Hi Bob,

Please change my email address in your address book. The new address is kawaller@kawaller.com , effective immediately.

Thanks for your attention.

Ira Kawaller Kawaller & Company, 
LLC www.kawaller.com 
Bus. Phone: 718-694-6270 Fax: 413-460-1819


When Sister Wendy Beckett first shared her love of European paintings with public television viewers in 1997, the New York Times observed that the 67-year-old nun from a British monastery was "fast on her way to becoming the most unlikely and famous art critic in the history of television." --- http://www.pbs.org/wgbh/sisterwendy/about/index.html 

The Impressionists (Art History)  http://www.biography.com/impressionists/ 

The Ricksha Arts of Bangladesh --- http://www.webpak.net/~ricksha/ 

Himalayan Art Project --- http://www.himalayanart.org/ 

Abbie & Art (Bones, Biology, and Art) --- http://www.abbieart.com/ 

Animals of the Rainforest --- http://www.animalsoftherainforest.com/ 


Hello Dr. Jensen,

We would like to introduce a free service for book search and price comparison, www.AAABookSearch.com .

At www.AAABookSearch.com  you can search books on subjects ranging from software to Life & Sex. We compare book prices at over 40 bookstores.

If you are a college student, please try our multi-isbn search. This service allows you to compare book prices for 20 books at dozens of bookstore.

Please book mark www.AAABookSearch.com . Tell a friend.

Thanks 
The www.AAABookSearch.com  Team

Alternatives for finding books and comparing prices are shown at http://www.trinity.edu/rjensen/searchh.htm 


From Syllabus e-News on August 30, 2001

Prometheus, a provider of community source code courseware from The George Washington University has partnered with XanEdu to provide access to XanEdu course content and functions on the Prometheus platform. Under the partnership, Prometheus will allow for the integration of XanEdu CoursePacks and search functionality into the Prometheus Course Management System and Portal Product. Educational institutions that choose Prometheus courseware will be able to integrate XanEdu CoursePacks and other content into their virtual classrooms. In the past, XanEdu had to bring its products and services to individual professors. Inside Prometheus, faculty and institutions will be able to opt for the content services on an enterprise campus-wide basis.

For more information, visit http://www.xanedu.com .
(Note from Bob Jensen:  Prometheus is also the system used by the Fathom knowledge portal at http://www.fathom.com/  )


XanEdu Introduces the Education ReSearch Engine

XanEdu, a division of ProQuest Information and Learning, recently announced the launch of the XanEdu Education Research Engine, the newest in an innovative lineup of premium content research engines for higher education. Created especially for pre-service teachers pursuing academic courses of study and in-service teachers working in the classroom, the XRE EDU corresponds with leading education textbooks and the latest standards in teacher education. The content is updated daily from more than 2,000 specialized leading journals, magazines and newspapers, and is available anytime and anywhere to sub- scriber. Included with each subscription of the XRE EDU is the "Teaching as a Profession" section, designed to help students and teachers stay current with the latest news and issues driving professional development. Powered by the same academic journals and premium education news sources as the academic disciplines, this special learning section includes information on school reform, labor issues, certification standards, and related topics.

For more information, visit http://www.xanedu.com


WebCT To Offer More Than 1,000 Publisher e-Packs This Fall

WebCT, a provider of integrated e-learning systems for higher education, has announced that it now offers more than 1,000 e-Packs, publisher-provided academic materials for use in the WebCT course management system. e-Pack offerings combine fully customizable online course materials such as video animations, sample syllabi, lecture notes, quiz and test banks, and glossaries, with the functionality of WebCT's course management software. Faculty can incorporate an e-Pack into a WebCT online course, and start teaching online without having to create course content from scratch. WebCT's current inventory of more than 1,000 e-Packsóan increase of 100 percent over the past year --comes from 20 leading publishers, and covers virtually every academic discipline.

Faculty can view e-Pack demos, request 30-Day evaluations, or request e-Pack adoptions online at http://www.webct.com , in WebCT's "Content Showcase."


Campus Pipeline Announces New Products

Campus Pipeline recently announced six new products that will expand the functionality and customization capabilities of its Campus Pipeline Web platform. The Web platform integrates seam- lessly with SCT Banner and SCT Plus student information systems, and uses open technology standards that allow integration with an institution's existing information system and its choice of Web applications. The Web platform also includes enterprise Internet infrastructure and Web applications from iPlanet. The six new products will be bundled and sold as two separate pack- ages. Products include: Personalized Content Delivery, to deliver personalized content according to user role; Handheld Sync, to enable information within the Campus Pipeline system to be synchronized with handheld devices running on Palm or Windows CE operating systems; Secure Transport, to provide secure data transport.

For more information, visit http://www.campuspipeline.com 


I'm don't think that Ed Doemer and I are on the same wavelength.
"The Science of Happiness," NewScientist.com --- http://www.newscientist.com/opinion/opinterview.jsp?id=ns23045 

Everyone wants to be happy, right? Wrong, says Ed Diener, a psychologist in the emerging field of "subjective well-being"-- a professor of happiness in all but name--at the University of Illinois at Urbana-Champaign. He's found that happiness is more than just a warm glow, it's firmly rooted in culture. And guess what? Money really does make you happier--but for maximum gain you have to be poor to begin with. Michael Bond asks Diener how science goes about adding to what philosophers and artists have told us about happiness over the centuries.

So the big question is--where do you find the happiest people in the world?

Overall, Scandinavian countries seem to be the happiest. Income is very important to happiness up to a point, and it correlates with democracy, human rights, infrastructure, longevity and other things. But once you allow for that, cultural factors that have little to do with income seem to make a big difference. If you take income out of the equation--if you level the playing field, in other words--the happiest people are Hispanic.

Why?

Hispanic people tend to look at what's going to go right. They ask: "What can I do that's fun, what can I do that's interesting?" Americans are like this, and Britons to an extent. They worry more about what good things they can get rather than the bad things.

The other big question is, obviously, who are the unhappiest?

Some of the former communist countries and the very poor countries consistently show up as the unhappiest. But allowing for income, the Pacific Rim countries are much less happy than you'd expect. People from Japan, China and Korea tend to see the glass half-empty. When you ask them how satisfied they are with their lives, they look at what has gone wrong. If nothing big has gone wrong, then they're satisfied. They are a little more tense because they have to be on guard, they have to be careful to avoid making errors and pay the right respect to people.

Why is it harder for Asians to be happy?

In the West the individualistic culture means that your mood matters much more than it does in the East. When assessing life satisfaction, Japanese and Koreans count what their parents think about how they're living their lives more highly than their own moods.

How does that work?

Take love. In the US, if you asked someone why they divorced their wife and they said they didn't love her any more, you might say: "That's too bad." In Korea, you'd say: "Are you crazy?" Your personal feelings are much less important and not a justification for your actions. Certainly the biggest cultural differences are to do with pride and guilt. Hispanics report much more pride and Asians much less pride, because of the stress on humility in their culture. Asians report more of all the negative emotions, such as anger and sadness. With guilt they report even more, and Hispanics report even less.


Dear Professor Jensen,

Your print copy of EDUCAUSE Review, Volume 36, Number 5, will be mailed soon. The Table of Contents below gives you a peek at the articles in this issue. The full issue is online at <http://www.educause.edu/pub/er/erm01/erm015w.html> .

If you want to be removed from this list, send an e-mail to remove@educause.edu with "remove ER TOC" in the subject line.

EDUCAUSE Review SEPTEMBER/OCTOBER 2001 Volume 36, Number 5

FEATURES

Ya Can Talk All Ya Want, But IT's Different Than It Was: Conundrums in Support of Information Technology by GREGORY A. JACKSON Novel sources of metaphor and insight offer ways to think differently--and better--about the conundrums in the support of information technology. http://www.educause.edu/ir/library/pdf/erm0151.pdf  
http://www.educause.edu/ir/library/pdf/erm0151t.pdf
  (non-graphic)

Implementing Life-Cycle Funding by LAURIE G. ANTOLOVIC' and MICHAEL A. McROBBIE Life-cycle funding enables an organization to set standards and establish a coherent plan for computing resources and to make an ongoing commitment to the investment in information technology. http://www.educause.edu/ir/library/pdf/erm0152.pdf  
http://www.educause.edu/ir/library/pdf/erm0152t.pdf
  (non-graphic)

Term Paper Mills, Anti-Plagiarism Tools, and Academic Integrity by MARIE GROARK, DIANA OBLINGER, and MIRANDA CHOA As technology continues to change, the resulting increase in opportunities for dishonest behavior is threatening academic integrity in higher education today. http://www.educause.edu/ir/library/pdf/erm0153.pdf  
http://www.educause.edu/ir/library/pdf/erm0153t.pdf
  (non-graphic)

Information Access in the Digital Era: Challenges and a Call for Collaboration by BRIAN L. HAWKINS The higher education community faces a critical task: developing a plan or set of plans for making all scholarly and research publications universally available on the Internet in perpetuity. http://www.educause.edu/ir/library/pdf/erm0154.pdf  
http://www.educause.edu/ir/library/pdf/erm0154t.pdf  (non-graphic)

DEPARTMENTS

techwatch Information Technology in the News http://www.educause.edu/ir/library/pdf/erm0155.pdf 

Leadership Implementing a Comprehensive IT Plan: A Small-College Response by WILLIAM R. HADEN http://www.educause.edu/ir/library/pdf/erm0156.pdf 

Inside IT A Hassle-free and Inexpensive Way to "Videotape" Class Lectures by RENE LEO E. ORDONEZ http://www.educause.edu/ir/library/pdf/erm0157.pdf 

New Horizons Developing Digital Libraries: Four Principles for Higher Education by DONALD WATERS http://www.educause.edu/ir/library/pdf/erm0158.pdf 

policy@edu HIPAA and Higher Education by C. W. GOLDSMITH http://www.educause.edu/ir/library/pdf/erm0159.pdf 

Viewpoints Coming Full Circle? by TRACY FUTHEY http://www.educause.edu/ir/library/pdf/erm0150.pdf 

Homepage The .edu Domain and EDUCAUSE by MARK LUKER http://www.educause.edu/ir/library/pdf


A little shred of dignity and recognition
"Scott Adams: Dilbert's Ultimate Cubicle," CNN.com, August 28, 2001 --- http://www.cnn.com/2001/CAREER/jobenvy/08/28/dilbert.scott.adams/index.html 

Scott Adams -- creator of "Dilbert" and one of the most avidly read cartoonists in the career universe -- has always made his e-mail address available. And, not being as careful as he might have been, he's gotten what he asked for: constant input from deep inside the rabbit warrens of corporate America.

"Somehow, accidentally, I realized I'd become a leading authority on what's wrong with cubicles. You don't have to be Thomas Edison to realize there's a product possibility there."

As quick as anyone to laugh at his own commercial acumen, Adams decided that one potentially bankable response might be to address the matter head-on and design what Dilbert -- or any of us -- might want in an ideal cubicle.


Napster's been shut down and the courts have ruled sharing copyrighted music illegal. Yet college students will face fewer restrictions this year on college campuses when it comes to swapping music --- http://www.wired.com/news/school/0,1383,45807,00.html 

"Life After Napster," by Diablo Rojo, Webmonkey, August `7, 2001 --- http://hotwired.lycos.com/webmonkey/01/30/index4a.html 
Webmonkey secret weapon Diablo takes a look at Napster clones AudioGalaxy, LimeWire, BearShare, and more.

The first Napster clone to arrive on the Web was Gnutella, a program designed by some bored and disgruntled AOL employees. But even after they worked out all the bugs, Gnutella was never a match for Napster and its massive volume of users and servers.

And then a second generation of Napster knock-offs sprang up, with clever names like KaZaA, Morpheus, LimeWire, BearShare, AudioGalaxy, and Gnotella. Several of them are no more than new clients for the Gnutella network, some of them, like KaZaA, try to distinguish themselves with innovative features like "automatic meta data assignment," "supernodes," and "theatre view." (Zeropaid hosts a discussion board and links to all of these programs and their space-age features.) But they're all trying to win over the befuddled Napster exiles.

Since I've always dreamed of becoming a Supernode, I decided it was time to check these Napster clones out and see how they compare.  Like Napster, all of these programs employ P2P ("peer-to-peer") networking. But unlike Napster, no single entity controls the operation of these services, making the censorship of copyrighted songs nearly impossible (Audiogalaxy is an exception here, . . . ).

For the rest of the article, go to http://hotwired.lycos.com/webmonkey/01/30/index4a.html  

The conclusion is gloomy.

Several of the P2P file-trading apps have tried to speed things up with work-arounds like routing traffic through the faster machines in the network. It's possible that these P2P programs will get faster with time, but the inherent problems of a decentralized network makes that possibility dubious at best.

File-trading is about speed and simplicity. And sadly, in that respect these clones may never be a match for Napster, may it R.I.P.

Bob Jensen's P2P threads are at http://www.trinity.edu/rjensen/napster.htm 


From InformationWeek Online on August 28, 2001

Bankrupt Internet retailer Egghead.com Inc. could be heading down the same rocky path that now-defunct Toysmart.com took when it tried to sell one of its most valuable assets--its customer data list. Egghead filed for Chapter 11 bankruptcy protection with the Securities and Exchange Commission and agreed to sell its assets, including its customer data, to Fry's Electronics Inc., a chain of electronics stores based in San Jose, Calif. As a condition of the $10 million sale, Fry's is requiring that only 10% or fewer of Egghead's active customers opt out of the plan to transfer their personally identifiable data to Fry's. Neither Egghead nor Fry's execs returned calls for comment.

This condition raises questions and concerns from consumers and privacy advocates because Egghead's privacy policy states: "We do not sell or rent our customer information to any outside party under any circumstances." Egghead does specify that it can and will reveal customer data to third-party vendors to complete a transaction, but adds, "By contract, the third party is not permitted to sell, rent, or share this information."

If Egghead is not careful, it will follow in the footsteps of Toysmart, says E-commerce attorney Jason Epstein, with Baker, Donelson, Bearman & Caldwell. The Federal Trade Commission prevented Toysmart from selling its customer data after filing for bankruptcy. Its privacy policy--like Egghead's--stated that the company would not sell customer data for any reason. Following that case, Epstein says his E-commerce clients and big-name E-retailers such as Amazon.com Inc. revised their privacy policies to reflect instances when customer data would be sold as part of an acquisition. "A privacy policy could be construed to be a contract," Epstein says. "There is the potential for civil liability from people whose information was handed over without their permission." - Tischelle George

Fry's is requiring that fewer than 10% of Egghead customers opt out. Would you bother to do so? Is the privacy concern more important than the company's ability to sell its assets? Share your two cents in the Listening Post discussion forum http://update.informationweek.com/cgi-bin4/flo?y=eERy0BcUEY0V20Nmm0Ax 


Classical Music Reviews
Gramofile --- http://www.gramophone.co.uk/reviews/default.asp 

Andante (Music) --- http://www.andante.com/ 
Music News and Reviews 

Music Lyrics --- http://www.summer.com.br/~pfilho/html/main_index/index.html 

This index contains links to all of the lyrics available at Lyrics World including all the songs found in "Top 40 Hits of 1930-1999", "#1 Songs of 1930-1999", "Top Singles by Decade" and "Artist Collections", plus many songs that aren't listed anywhere else in this site. You can browse through the songs by title or by artist (group name or surname of artist). Determiners such as "The" and "A" are ignored at the beginning of a song title or artist name. So, "The Long and Winding Road" is listed under "Titles - L" and "A Hard Day's Night" is listed under "Titles - H". Likewise, "The Beatles" can be found under "Artists - B", "A Flock of Seagulls" under "Artists - F", "Nat King Cole" under "Artists - C" and "The Dave Clark Five" under "Artists - C".

Music Lyrics --- http://elyrics4u.com/music/lyrics4u/ 


Exhibition of High Speed Photography (Mathematics and Physics) --- 
http://www.pacsci.org/public/education/gallery/high_speed_photos/student_photos.html 


Cognitors Unite
In a lively online discussion on AccountingWEB, Kathy Eddy, Chairman of the AICPA, presented a detailed explanation of the concept of the proposed global business credential that will come to a vote before the entire AICPA membership later this fall. Read Ms. Eddy's explanation of this new credential. http://www.accountingweb.com/item/56054

AccountingWEB has prepared a quick and easy jump off page for those of you who want to keep up with the developments on the AICPA's proposed Global Business Credential ---  http://www.accountingweb.com/item/56555 


I would agree if we were testing for much more than just whether students can read, write, add, and subtract.  It may be a bad thing to test for ability to manipulate fractions.  This would entail having some math teachers learn how to manipulate fractions.
A professor at Pepperdine University in Malibu, California, says the trend toward more standardized testing epitomizes what's wrong with America's educational system --- http://www.wired.com/news/school/0,1383,45902,00.html 


Yawn!
Top 50 Games of All Time ---- http://www.gamespy.com/articles/july01/top50index/ 


Interview: IBM software chief Steve MIlls sketches the challenges that IT products face, including the difficulty in integrating different platforms and systems. http://cgi.zdnet.com/slink?132518:2700840 


Wireless News
The first housing development with built-in wireless Internet infrastructure is in Portsmouth, Virginia. But the residents aren't using it because they can't afford it or they don't know how --- http://www.wired.com/news/business/0,1367,46050,00.html 


Linux vs. Windows - who will win the battle? http://cgi.zdnet.com/slink?131586:2700840 


Wow Site Design of the Week from Indiana University
Indiana University Brings Ancient Cities Back To Life (History, Archaeology) --- http://www.cs.iupui.edu/~clio/# 


Guide to Architecture, Engineering, and Construction http://www.aecportico.co.uk/ 
This is a very comprehensive site courtesy of the Royal Institute of British Architects. 


U.S. politicians having are sure to vote for banning face recognition, its that Menage et Trois unmentionable in this political debate!  Some pattern recognition technologies are certain to be banned.

 "Florida city moves to ban face-recognition system," by Dibya Sarkar, USA Today, August 23, 2001 --- http://www.usatoday.com/life/cyber/tech/fcw2.htm 

Councilwoman at Large Gwen Chandler-Thompson, who proposed the resolution last week. "I don't want Big Brother watching me. I thought it would be wise to be proactive rather than reactive." Chandler-Thompson, who said she's not sure how her 18 fellow council members feel about the technology, said she began researching the issue shortly after Tampa, Fla., police linked surveillance cameras to facial-recognition software two months ago in the entertainment district of Ybor City. Cameras scan and capture photographs of people's faces, which are then matched against a computer image database of 30,000 wanted felons, sex offenders and runaways. (Earlier in the year, Tampa police tested the technology during Super Bowl XXXV, scanning faces of game attendees.)




GameSpy's Top 50 Games of All Time http://www.gamespy.com/articles/july01/top50index/ 


Forwarded by Auntie Bev

Two brooms were hanging in the closet and after a while they got to know each other so well, they decided to get married. One broom was, of course, the bride broom. The other was the groom broom.

The bride broom looked very beautiful in her white dress. The groom broom was handsome and suave in his tuxedo. The wedding was lovely. After the wedding, at the wedding dinner, the bride broom leaned over and said to the groom broom, "I think I am going to have a little whisk broom!!! " "

IMPOSSIBLE !!" Exclaimed the groom broom.

(Are you ready for this!!? ) 

(Brace yourself; this is going to hurt, Really bad...) 

 

 

 

He continues:  "WE HAVEN'T EVEN SWEPT TOGETHER YET!!! "


Forwarded by Dick Haar

"Hello, is this the FBI?"

"Yes. What do you want?"

"I'm calling to report about my neighbor Billy Bob Smith! He is hiding marijuana inside his firewood."

"Thank you very much for the call, sir."

The next day, the FBI agents descend on Billy Bob's house. They search the shed where the firewood is kept. Using axes, they bust open every piece of wood, but find no marijuana.

They swore at Billy Bob and left. The phone rings at Billy Bob's house.

"Hey, Billy Bob! Did the FBI come?"

"Yeah!"

"Did they chop your firewood?"

"Yep."

"Happy Birthday, Buddy!"  
(When I read that, I just knew Randy Quaid was typecast for the part."


Forwarded by Bob Overn

Subject: New Element Discovered 
A new development in nuclear physics, although many have long suspected it is true: A secret scientific document was discovered in a bunker whose security systems were mostly destroyed by the fires last year around Los Alamos. This document was leaked to the public last weekend. Actually, it is more of a confirmation than a revelation, since the existence of this heretofore un-named element has been suspected for years. However, the document does reveal new details. It shows that the government has known all along that besides arsenic, lead, mercury, radon, strontium and plutonium, one more extremely deadly and pervasive element also exists. Investigators have discovered the heaviest element known to science. This startling discovery has been tentatively named Governmentium (Gv). It is suspect that the element has been kept top secret for at least 50 years. 

This new element has no protons or electrons, thus having an atomic number of 0. It does, however, have 1 neutron, 125 deputy neutrons, 75 supervisory neutrons, and 111 team leader neutrons, giving it an atomic mass of 312. These 312 particles are held together by a force called morons, which are surrounded by vast quantities of lepton-like particles called peons. Since it has no electrons, Governmentium is inert. However, it is easily detected because it impedes every reaction with which it comes into contact. According to the secret document, a minute amount of Governmentium causes one reaction to take over four days to complete when it should normally take less than a second. Governmentium has a normal half-life of approximately three years. It does not decay, but instead undergoes a reorganization in which a portion of the deputy neutrons, supervisory neutrons, and team leader neutrons exchange places. In fact, a Governmentium sample's mass will actually increase over time, since with each reorganization some of the morons inevitably become neutrons forming a new type of element called iso-dopes. 

This characteristic of moron promotion leads some scientists to speculate that Governmentium is formed whenever morons reach a certain quantity in concentration. This hypothetical quantity is referred to as the "Critical Morass."


For teachers everywhere gearing up for the new school year...

Then Jesus took his disciples up the mountain and gathering them around, He taught them saying: 
BLESSED ARE THE POOR IN SPIRIT, FOR THEIRS IS THE KINGDOM OF HEAVEN. BLESSED ARE THE MEEK. BLESSED ARE THEY THAT MOURN. BLESSED ARE THE MERCIFUL. BLESSED ARE THEY WHO THIRST FOR JUSTICE. BLESSED ARE YOU WHEN PERSECUTED. BLESSED ARE YOU WHEN YOU SUFFER. BE GLAD AND REJOICE, FOR YOUR REWARD IS GREAT IN HEAVEN.

Then Simon Peter said, "Do we have to write this down?"

And Andrew said, "Are we supposed to know this?"

And James said, "Will we have a test on this?"

And Phillip said, "I don't have any paper."

And Bartholohew said, "Do we have to turn this in?"

And John said, "The other disciples didn't have to learn this."

And Matthew said, "Can I go to the boy's room?"

And Judas said, "What does this have to do with real life?"

And Mark said, "Mr. C., Mr. C., Do you have a pencil?"

Then one of the Pharisees who was present asked to see Jesus' lesson plans and inquired of Jesus, "What are the objectives in the cognitive domain and your plans for remediation?"

JESUS WEPT.


THE FIRST-YEAR CLASS OF COLLEGE 2001 COLLEGE GRADUATION WILL MAKE THEM THE CLASS OF 2005 --- http://www.beloit.edu/~pubaff/releases/mindset_2005.html 

Just in case you weren't feeling too old today, this will certainly change things. Each year the staff at Beloit College in Wisconsin puts together a list to try to give the Faculty a sense of the mind- set of this year's incoming freshman.

Beloit, Wis.— You can call them PHAT, but don’t call them fat, or at least be sure of the generation you are addressing when you make the observation.

Each year, Beloit College assembles the Mindset List, a compilation of items that indicate the viewpoints and frame of reference of entering students. The vast majority of those first year students are about 18 years old, having been born in 1983, along with personal computers and speculation on the phenomenon of email communications on campus.

Tom McBride, Keefer Professor of the Humanities and director of Beloit’s model “First Year Initiatives” (or FYI) program, oversees the formation of the list and its distribution to faculty and staff. “The gap in age between teacher and student increases annually as the faculty remain the same age and students get younger. As faculty start to show signs of 'hardening of the references,' it is important that we think about the touchstones and benchmarks of a generation that has grown up with CNN, home computers, AIDS awareness, 'Just say no,' and the Bush political dynasty.”

The list was first compiled by Prof. McBride, Public Affairs Director Ron Nief and Director of Institutional Research Richard Miller after an informal list developed on the Beloit campus email in 1998. It is now prepared and distributed on the eve of the start of classes at the 1,200 student liberal arts and sciences college in southern Wisconsin. Each year, it is requested by thousands of educational institutions, businesses, churches and others. Last year it began showing up in English-language media abroad.

"This is not serious, in-depth research," notes Mr. Miller. “It is meant to be thought- provoking and fun, yet accurate.” Prof. McBride also notes that it is “...as relevant as possible, given the broad social and geographic diversity of our students, who are drawn from every state and 58 countries. It is always open to challenge, and this has an additional benefit in that it reminds us of students’ varied backgrounds. Things like the WEB and cable TV and varying family interests all have an impact on its veracity, but it is still a good reflection of the attitudes and experiences of young people, which we must be aware of on the first day of their college experience.”

The following “Mindset List for First-Year Students in the Class of 2005 has been shared with faculty and staff at the 155 year-old liberal arts college as they prepare to welcome the new class.

Class of 2005 Mindset List

1. Most students starting college this fall were born in 1983.

2. Ricky Nelson, Marvin Gaye and Laura Ashley have always been dead.

3. The New Kids on the Block are over the hill.

4. They want to be PHAT but not fat.

5. IBM Selectrics are antiques.

6. Thongs no longer come in pairs and slide between the toes.

7. God has never been a “he” in most churches.

8. Hard copy has nothing to do with a TV show; a browser is not someone relaxing in a bookstore; a virus does not make humans sick; and a mouse is not a rodent (and there is no proper plural for it).

9. Moscow has always been opposed to “star wars.”

10. Recording TV programs on VCRs became legal the year they were born.

11. The British Royal family has always behaved badly.

12. There has always been Diet Coke.

13. Artificial hearts have always been ticking.

14. The Social Security system has always been on the brink.

15. There have always been warnings about second-hand smoke.

16. They have never experienced a real recession.

17. A hacker is not just a kid who won’t stop fooling around.

18. Grenada has always been safe for democracy.

19. They were born the same year as the PC and the Mac.

20. The U.S. Senate has always had a daycare program.

21. One earring on a man indicates that he is probably pretty conservative.

22. CDs have always been labeled for explicit content.

23. Lethal Weapon in one form or another has always been “at the movies.”

24. Boeing has not built the 727 since they were born.

25. Sarajevo was a war zone, not an Olympic host.

26. They don’t remember Janet Jackson when she was cute and chubby.

27. Drug testing of athletes has always been routine.

28. There has always been a hole in the ozone layer.

29. They have always used email.

30. The Colts have always been in Indianapolis.

31. The precise location of the Titanic has always been known.

32. When they were born, Madonna was still a radiant woman holding a beatific child.

33. Jimmy Hoffa has always been officially dead.

34. Tylenol has always been impossible for children or adults to open.

35. Volkswagen beetles have always had engines in the front.

36. They do not know what the Selective Service is, but men routinely register for it on their financial aid forms.

37. Ron Howard and Rob Reiner have always been balding older film directors.

38. Cal Ripken has always been playing baseball.

39. They have probably never used carbon paper and do not know what "cc" and "bcc" mean.

40. Lasers have always been marketed as toys.

41. Major newspapers have always been printed in color.

42. Beta is a preview version of software, not a VCR format.

43. They have never known exactly what to call the rock star formerly and presently known as Prince.

44. They are the first generation to prefer tanning indoors.

45. "Survivor" is a TV show not a rock group.

46. They have heard “just say no” since they were toddlers.

47. Most of them know someone who was born with the help of a test tube.

48. It has paid to “Discover” since they were four.

49. Oprah has always been a national institution..

50. With a life expectancy of 77 years, they can anticipate living until about 2060.

RELATED LINKS:

The Official Beloit College Mindset List Homepage

The '60's as History, Beloit College Magazine, Summer 2000


Translation Aids for Understanding How Texans Communicate by Analogy

 Big hat, no cattle.
(All talk and no action or
He's a poor Texas accounting professor rather than a rich ranch owner.)

 

He looks like the dog's been keepin' him under the porch.
(Not the most handsome of men.)

 

 They ate supper before they said grace.
(Living in sin.)

 

 Time to paint your butt and run with the antelope.
(Stop arguing and do as you're told.)

 

The engine's runnin' but ain't nobody driving.
(Not the sharpest knife in the drawer.)

 

 As welcome as a skunk at a lawn party.
(self-explanatory)

 

 Tighter than bark on a tree.
(Not very generous)

 

 We've howdy'd but we ain't shook yet.
(We've made a brief acquaintance, but not been formally introduced.)

 

 He thinks the sun come up just to hear him crow.
(He has a pretty high opinion of himself.)

 

 She's got tongue enough for 10 rows of teeth.
(That woman can talk.)

 

 It's so dry the trees are bribin' the dogs.
(We really could use even a teensy bit of rain around here this summer.)

 

 Just because a chicken has wings don't mean it can fly.
(Appearances can be deceptive.)

 

 This ain't my first rodeo.
(I've done been around awhile.)

 

 You can put your boots in the oven, but that don't make 'em biscuits.
(You can say whatever you want about something, but that doesn't change what it is.)

 

As full of wind as an Iowa corn-eating horse.
(That Yankee's prone to boasting.)

 Pffffffffoooo!  That's ALL Yah'ALL!




And that's the way it was on September 7, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

Links to the following accountancy documents:

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

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August 24, 2001

Bob Jensen's New Bookmarks on August 24, 2001
Bob Jensen at Trinity University
 

Due to the complications of starting up a new semester and my having to be in Mexico next week, there will probably not be another edition of New Bookmarks for two or three weeks.  Do you suppose I can contain myself that long?


Quotes of the Week

You feel the need to repay student loans. You couldn't wait to do your first tax return. You don't have to go to law school. Norm Petersen (from the old TV show called "Cheers") makes a great role model. There are fewer essay questions in accounting courses. You didn't get a football scholarship to college. You get to see all your college friends every six months, while retaking the CPA exam.
"Top Reasons for Becoming an Accountant," Accounting Web Resource Guide, Issue 14, August 21, 2001

GAAP = Generally Accepted Accounting Principles (including rules, laws, and conventional practices)
This definition is needed for the quote below, which is in the context of U.S. GAAP rather than international GAAP.

The other lesson, perhaps even more tallied, GAAP should be on everyone's Top 10 list. The idea of GAAP -- so simple yet so radical -- is that tore important, is contained in the embrace of GAAP. When the intellectual achievements of the 20th century here should be a standard way of accounting for profit and loss in public businesses, allowing investors to see how a public company manages its money. This transparency is what allows investors to compare businesses as different as McDonald's, IBM and Tupperware, and it makes U.S. markets the envy of the world.
Clay Shirky in "How Priceline Became A Real Business," The Wall Street Journal, August 13, 2001 
http://interactive.wsj.com/archive/retrieve.cgi?id=SB99765488066568057.djm&template=pasted-2001-08-13.tmpl
  

"The future of the accounting and finance profession is changing daily. Tomorrow's accounting and finance professionals will shatter longstanding stereotypes as they shift from being backroom statisticians to boardroom strategists."  http://www.accountingweb.com/item/50518  (See below)

If one were writing a history of the American capital market, it is a fair bet that the single most important innovation shaping that market was the idea of generally accepted accounting principles.
Lawrence Summers, President of Harvard University and former Secretary of Treasury

They Do It With Mirrors --- GAAP Does Not "Cover" the entire GAP  
An Analogy Between GAAP and the GAP in a  Woman's Dress or Skirt

So what is wrong with GAAP in recent years?  GAAP's problems are somewhat like a "GAP" incident that took place in a Target Store (the story would have been better had it been inside a GAP Store) in San Antonio on August 21 (as reported on a local television station).  A man with a mirror was detained for peeking up the "GAP" beneath women's dresses.  Although he was tossed out of the store, this pervert was not arrested.  The police claimed they had nothing to charge him with, because there was no U.S. or Texas law against peeking beneath a woman's dress with a mirror.  Laws are enforced better in the U.S. than in many other nations, but the laws are incomplete for many types of egregious behavior.  In an analogous manner, GAAP is enforced better in the U.S. than in most other nations, but U.S. GAAP is incomplete and does not control certain types of egregious financial reporting behavior that is becoming increasingly common in the "New Economy" --- where intangible assets that are not measured well under GAAP comprise an increasing proportion of the value and earnings of business firms.  In some ways, business firms are trying to "Do It With Mirrors," thereby, causing a widening "GAP" in "GAAP."   I will now give you the WSJ quotation:

But there's a catch. In recent years, P/E ratios have become increasingly polluted. The "E" in P/E used to refer simply to earnings as reported under generally accepted accounting principles, or GAAP. That's what it means when the historical average is cited. But in First Call's figure, the "E" relates to something fuzzier, called "operating earnings." And that can mean just about whatever a company wants it to mean.

Based on earnings as reported under GAAP, the S&P 500 actually finished last week with a P/E ratio of 36.7, according to a Wall Street Journal analysis. That is higher than any other P/E previously recorded for the index. (Click here to see details of the calculation.)

This suggests the overall stock market could be further from recovery than many suppose. "I don't think most people realize that the market is as overvalued as it is," says David Blitzer, chief investment strategist at S&P, a unit of McGraw-Hill Cos. "There probably are a lot of people who would sell some stock if they realized how overvalued the numbers are saying the market is."

Jonathan Weil, "Companies Pollute Earnings Reports, Leaving P/E Ratios Hard to Calculate," The Wall Street Journal, August 21, 2001, Page A1 (For details and related articles, see http://www.trinity.edu/rjensen/roi.htm )

The sooner the better!
The SEC is currently investigating a couple of companies for what they believe is bordering on fraudulent reporting of corporate earnings, and may end up making an example of some. For now they are holding off on a larger crackdown, but if the practice isn't curtailed to their liking, new rules may follow. http://www.accountingweb.com/item/55266 

"Independent" Auditors:  Are They Becoming Dependents?

In recent years, a dramatic increase in the revenues big accounting firms derive from management consulting services has raised a red flag about auditor independence. The Wall Street Journal reported in April, for example, that just last year Sprint paid Ernst & Young $2.5 million for auditing but $63.8 million for other work, including $12 million for the deployment of a financial-information system. General Electric paid KPMG $24 million for auditing but more than three times that for other services.
Study Finds Consulting Contracts Impair Auditor Objectivity --- http://www.smartpros.com/x30693.xml

Note from Bob Jensen
What makes GAAP work is the integrity and professionalism of the vast majority of accountants who cling to the ethics of the past in the New Economy.  There is concern, however, among all professions (such as medicine, law, and accountancy) that the professions are giving in to greed and changing tones at the top regarding ethics and professionalism.  For this reason, I requested that my very good friend, Dick Vangermeersch, send me a copy of his short tribute when he introduced Eli Mason to the audience on August 12 just prior to the American Accounting Association Year 2001 Annual Meetings (note that these are Dick's notes and were not written in published text format).

Award Introduction by Richard Vangermeersch Professor of Accounting University of Rhode Island --
Eli Mason, Recipient of the Prestigious Accounting Exemplar Award of the Public Interest and Ethics Section of the American Accounting Association

August 12, 2001-Atlanta Georgia Introductory Comments about Eli Mason

Eli Mason needs no introduction for most of us. If he does (and even if he doesn't), be sure to read Random Thoughts: The Writings of Eli Mason. (A complimentary copy can be received by writing Eli Mason, CPA, 400 Park Avenue, New York, NY 10022).

Eli Mason is a very significant leader in public accounting and comes from a smaller-sized public accounting firm in New York city. He is all we want our students to be: literate; thoughtful; well-read; concerned with ethics (see the second page in his book)**; a fighter à la Leonard Spacek and Abe Briloff; and humorous (see p. 38, for instance).

It may be more important for us to introduce ourselves to him. We are accounting professors who care about, study, and publish about ethics in accounting. We are available for exchanges of ideas with interested accountants. We want to include accountants like Eli Mason in this section of the American Accounting Association.

Eli wrote this in the last two paragraphs of Random Thoughts. "I had a dream that professors of accountancy, auditing, and taxation, comfortable in their tenure but unhappy with developments within the institutions of the profession did gather together and declare that a learned profession should not be disparaged (American Accounting Association-AAA please note)."

"As the lyrics to the song go: 'I can dream, can't I?'"

Eli, we are all anxious to dream along with you.

-- Introduction by Richard Vangermeersch Professor of Accounting University of Rhode Island --


**Credo for a CPA, from Accounting Today, February 7, 1994

To serve the public from whom my authority is derived.

To serve my profession and contribute to its institutions.

To practice at the highest professional level.

To maintain an ethical posture characteristic of a learned profession.

To maintain my ethical skills so that the public is served with competence.

To maintain a state of independence at all times so that decisions are reached with objectivity.

To work with my colleagues-for the practice of a profession is an experience in human behavior and mutual respect.

Also see the following online documents:

The Electronic Book Publishers' Laments --- "The Russians are coming, the Russians are coming."
Scroll down this edition of New Bookmarks to discover how to Download Dmitry Sklyarov's PowerPoint slides.

In addition to Dmitry's presentation, Bryan Guignard has written a white paper (from the Gallery of Adobe Remedies) that discusses Adobe's security as well. "Adobe makes it clear that it 'expects' software developers to 'respect the intent' of its PDF security system. So as it is clearly seen from Adobe's own specification, PDF security is not based on sound technology, rather, it is based entirely on 'respect". 

He also mentions that ghostscript can similarly be used to bypass Adobe PDF security. Don't tell the Justice Department, or we'll end up losing access to that valuable tool as well!
LWN.net (see below)



Is there intrinsic value in stocks that smart investors, like Warren Buffet, can take advantage of vis-à-vis investing dummies?

A message from Scott Scott Bonacker [scottbonacker@MOCCPA.COM

Thanks (to John Rodi) for the interesting reference, Warren Buffet says something similar in several of his letters to shareholders at http://www.berkshirehathaway.com/letters/letters.html .

Don't forget, too, that he bought a large interest in HR Block last fall and the share price has increased substantially since then. That purchase was motivated, I believe, by the fact that to reach an 80% rate of electronic filing the government is going to have to pay preparers to make tax returns and do the e-filing. Otherwise they'll never get the folks who have simple returns and/or are quite capable of doing the forms themselves. Myself, I do my tax return by computer and then substitute a handwritten page or two before mailing. That way I am sure to get one of the forms packages in the mail next year. It's helpful to know when those things go out.

Scott Bonacker, CPA McCullough, Officer & Company, LLC Springfield, Missouri moccpa.com


I want to thank Mike Kirschenheiter from Columbia University for providing his time and talents in updating our workshop audience about the Fathom Knowledge Portal at our August 11 workshop in Atlanta.

Fathom Knowledge Portal --- http://www.fathom.com/index.jhtml 

Bob Jensen's Opinions of Knowledge Trails
Wow Innovation
I think Fathom's Knowledge Trails are the most interesting new innovations in knowledge navigation that I have seen in this new era of electronic technology.  Click on "Learn More About Knowledge Trails" under the "Learn More" section on the bottom left portion of the page at  http://www.fathom.com/index.jhtml 

The accounting knowledge trails are just beginning to be blazed, so accounting is not yet a good illustration of the power of knowledge trails in Fathom.  The trails in humanities and science are more advanced.  Note how the trails are uniquely linked so that just like in real life, one trail leads to another and another showing the important interfaces of different topics.

Fathom Partners
* Columbia University 
* The London School of Economics and Political Science 
* Cambridge University Press
* The British Library 
* The New York Public Library
* The University of Chicago 
* University of Michigan 
* American Film Institute 
* RAND 
* Woods Hole Oceanographic Institution             
* The Natural History Museum 
* Victoria and Albert Museum                             
* Science Museum *

I suggest that you follow my lead in signing up for the free Fathom newsletter.  You can sign up for one or more areas of specialty.

Fathom has added dozens of free seminars to our Course Directory! Created by the faculty and experts at Fathom's member institutions, these online seminars include self-evaluation exercises, topics for member discussion, and resources for further study. Enroll in as many as you like--for free!

* FREE! * EXPERIENTIAL MARKETING AND BRANDING IN THE DIGITAL AGE, a free seminar from Columbia University, outlines the five basic areas of experiential marketing--Sense, Feel, Think, Act and Relate--and explains how each can be used in marketing and branding. The seminar is free; simply follow the checkout process to enroll: http://www.fathom.com/fks/catalog/course.jhtml?id=10701025&cid=000361 

* MANAGEMENT OF E-COMMERCE, a semester-length course from Harcourt eLearning, explores e-business strategy, marketing, and the use of e-commerce sites in effective communication. Class begins September 4: http://www.fathom.com/fks/catalog/course.jhtml?id=12701002&cid=000362 

Search for more online courses in Fathom's Course Directory: http://www.fathom.com/products/course_directory.jhtml .


Mike Kearl in Sociology at Trinity University has an extremely popular and helpful Website at http://www.trinity.edu/mkearl/
His most popular page is on "The Sociology of Death and Dying" at http://www.trinity.edu/~mkearl/death.html 

Mike also has a great site on METHODS, STATISTICS, & THE RESEARCH PAPER at http://www.trinity.edu/mkearl/methods.html#ms 
(Every researcher should take a look at the above site.)

Mike's links to dictionaries are follows:

You may wish to use either Frank Elwell's glossary or Robert Drislane & Gary Parkinson's Online Dictionary of the Social Sciences for some of the discipline's terminology.  And to maintain a healthy dose of skepticism toward the numerous claims of "facts" and "truth" that one invariably comes across on the Web visit Robert T. Carroll's "The Skeptic's Dictionary: A Guide for the New Millennium".

 Bob Jensen's links to dictionaries and glossaries are contained in the following two sites:


Wow Innovation of the Week --- New Tool Analyzes Facial Expressions
Facing the Truth, Howard Hughes Medical Institute, HHMI, May 2001 --- http://www.hhmi.org/bulletin/may2001/faces/faces2.html 

A curled lip, a furrowed brow—sometimes even a small change in expression can reveal far more than words. We all like to think we can read people's faces for signs of their true emotions. Now, a computer program can analyze images of faces as accurately as trained professionals.

What's more, it does so faster. Working frame by frame, the most proficient human experts take an hour to code the 1,800 frames contained in one minute of video images, a job that the computer program does in only five minutes.

A team led by HHMI investigator Terrence Sejnowski reported the feat in the March 1999 issue of the journal Psychophysiology.

The automated system, which has been improved since the article appeared, could be a boon for behavioral studies. Scientists have already found ways, for example, to distinguish false facial expressions of emotion from genuine ones. In depressed individuals, they've also discovered differences between the facial signals of suicidal and nonsuicidal patients. Such research relies on a coding system developed in the 1970s by Paul Ekman of the University of California, San Francisco, a coauthor of the Psychophysiology paper. Ekman's Facial Action Coding System (FACS) breaks down facial expressions into 46 individual motions, or action units.

For the rest of the article, go to http://www.hhmi.org/bulletin/may2001/faces/faces2.html 


Wow Education Site of the Week 

National Center for Education Statistics

Projections of Education Statistics to 2011 --- http://nces.ed.gov/pubsearch/pubsinfor.asp?pubid=2001083 
Total public and private elementary and secondary enrollment is projected to increase from 52.9 million in 1999 to 53.4 million in 2005. Then total enrollment is projected to decrease to 53.0 million by 2011, an overall increase of less than 1 percent from 1999 (table 1).

Between 1999 and 2011, public elementary and secondary enrollment is projected to increase 8 percent in the West, while in the South it will increase 1 percent. In the Northeast and Midwest, enrollment is projected to decrease 4 and 3 percent, respectively, over the same period (table 5).

Enrollment in degree-granting institutions is projected to increase from 14.8 million in 1999 to 17.7 million by 2011, an increase of 20 percent. A 16 percent increase is projected under the low alternative and a 23 percent increase is projected under the high alternative (table 10).

High school graduates from public and private high schools are projected to increase from 2.8 million in 1998-99 to 3.1 million by 2010-11, an increase of 11 percent. This increase reflects the projected rise in the 18 year-old population (table 23).

Between 1998-99 and 2010-11, the number of public high school graduates is projected to increase 20 percent in the West, while the South will increase 12 percent. The Northeast and the Midwest are projected to increase 11 and 2 percent, respectively, over the same period (table 24).

The number of bachelor's degrees is expected to increase from 1,184,000 in 1997-98 to 1,392,000 by 2010-11, an increase of 18 percent (table 27).

Under the middle alternative, a 34 percent increase in current expenditures for public elementary and secondary schools is projected for the period from 1998-99 to 2010-11. Under the low alternative, current expenditures are projected to increase by 29 percent; under the high alternative, current expenditures are projected to increase by 40 percent (table 33).

Under the middle alternative, current expenditures per pupil in fall enrollment are forecast to increase 33 percent in constant dollars from 1998-99 to 2010-11 (table 33).

Download, view and print the entire report as a pdf file (937kb).

 

The Integrated Postsecondary Education Data System (IPEDS --- http://nces.ed.gov/ipeds/ 
Features

IPEDS Web-Based Data Collection allows institutions to provide NCES with the required statistical data, replacing the paper survey forms that have been used in past years.

IPEDS Peer Analysis System and Self-guided Tutorials enables a user to easily compare a LinchPin institution of the user’s choosing to a group of peer institutions, by generating reports using selected IPEDS variables of interest.

IPEDS College Opportunities On-line (COOL) presents data on institution prices, financial aid, enrollment, and type of programs that are offered by the institution. IPEDS COOL is designed to help college students, future students, and their parents understand the differences between colleges and how much it costs to attend college.

 

College Opportunities Online --- http://nces.ed.gov/ipeds/cool/ 
IPEDS College Opportunities On-Line is your direct link to over 9,000 colleges and universities in the United States. If you are thinking about a large university, a small liberal arts college, a specialized college, a community college, a career or technical college or a trade school, you can find them all here.

College Opportunities On-Line is brought to you by the National Center for Education Statistics in the U.S. Department of Education. NCES was authorized by Congress in 1998 to help college students, future students, and their parents understand the differences between colleges and how much it costs to attend college.

College Opportunities On-Line helps you find out about a specific college or set of colleges, if you have some in mind. You can name the colleges and obtain information about them.

If you are not sure what colleges might be of interest, IPEDS COOL has the tools to help you search for a college. You can search for a college based on its location, program, or degree offerings either alone or in combination. The more criteria you specify, the smaller the number of colleges that will fit your criteria. Once you've found some colleges of interest, you can obtain important and understandable information on all of them.

Once you have determined the colleges that meet your interests, we urge you to obtain more information about them by visiting their web sites, writing for more information, or visiting the schools of your choice.

Warning: An institution's inclusion in IPEDS COOL does NOT imply approval of the institution or its programs by the U.S. Department of Education. Title IV eligible schools (those that participate in awarding Pell Grants and other federal financial aid) have recognized accreditation. This is important for acceptance of transfer credit or degree recognition.

Other College Related Links

Contact the IPEDS Staff

 

Bob Jensen's education bookmarks are at http://www.trinity.edu/rjensen/bookbob2.htm 
(These bookmarks include helpers for students wanting to evaluate colleges and universities.)


Parents of Young Children Should Take Note --- http://accounting.smartpros.com/x30471.xml 
The Tax Relief Act makes a 529 plan a more attractive way to save for an  education than ever before, with handsome income tax breaks, transferable accounts and more.


Debbie Bowling forwarded a link to what is probably the best site on the Web for weather information.  Go to http://www.goes.noaa.gov/ 


Paranoia for Fun and Profit, Interesting Pictures, Animations, Science, MP3 Downloads, Food, and Other Fun Links

The Chandra X-Ray Telescope has a gallery show. Astronomers have put online a collection of staggering images of black holes and supernovae captured by the orbiting X-Ray Telescope --- http://www.wired.com/news/technology/0,1282,46003,00.html 

The Night Sky in the World --- http://www.lightpollution.it/dmsp/ 

Ansel Adams at 100 (featuring audio as well as photos)  http://www.sfmoma.org/adams/ 

Welcome to this special interactive program, developed in conjunction with the exhibition Ansel Adams at 100, on view at the Museum through January 13, 2002. Focusing on seven key works, this program provides insights into the history and world of ideas behind Adams' photography.

Please note: these features work best with high bandwidth Web access and newer, more powerful computers. If you encounter difficulty accessing Ansel Adams at 100 online, we invite you to visit the Museum to view it on the interactive kiosks located in our galleries.

The Museum of Hoaxes --- http://www.museumofhoaxes.com/  

Worst Case Scenarios --- http://www.worstcasescenarios.com/ 

How To Escape From Quicksand
How to Ram a Car
How to Fend Off a Shark
How to Take a Punch
How to Jump from a Bridge or Cliff into a River
How to Jump from a Building into a Dumpster
How to Perform a Tracheotomy
How to Treat a Bullet or Knife Wound
How to Land a Plane
How to Survive if Your Parachute Fails to Open
View the complete Table of Contents
Read the Introduction

Immuno Biology Animations http://www.blink.uk.com/immunoanimations/ 
This is a great site for the study of animations as well as biology.

Paranoia for fun and profit It must be a conspiracy. Everyone is talking about the computer game Majestic -- even the aliens --- http://salon.com/tech/feature/2001/08/10/majestic/index.html 

The Net's deep database of conspiracy theories and paranoia is at the root of the summer's most-talked-about new game, Majestic. Produced by Electronic Arts, Majestic is best described as an interactive, immersive and invasive online mystery that combines fiction with (debatable) reality in a very Webby way. For $10 a month, you too can receive mysterious midnight phone calls, anonymous e-mails and tips about a boggling number of surreal goings-on for the next six months of your life.

HistoryWired --- http://historywired.si.edu/index.html 
From the Smithsonian:  Three million rarely seen objects. They've mapped out showrooms where individual items can be viewed by broad subject category, relevant theme, or timeline.  (I know that I featured this in the August 10 edition of New Bookmarks, but the Website design is so great here, I want to remind those who have not looked at this Website to take a serious look now.

Sid Meier's Civilization (Ancient History) --- http://www.civ3.com/civ3.cfm 
Note the way that this site handles pictures.
This site includes a civilization game for rewriting history.

The Literary Gothic (guide to Gothic literature) ---  http://www.litgothic.com/ 

You must read this if you are going to Australia
Discovernet  (Guide to Museums Down Under) --- http://www.amol.org.au/discovernet/ 

The Densho Project  (visual library of Japanese-American stories) --- http://www.densho.org/ 

Can you read this book in 10 hours?  RosettaBooks is offering Agatha Christie's classic mystery And Then There Were None in a special time-based permit edition. In conjunction Adobe Systems, Inc. and Reciprocal, Inc., the eBook is available for download for $1.00 at www.RosettaBooks.com .  

Leading-edge search alternatives --- http://www.wired.com/news/technology/0,1282,45905,00.html 

Iron Chef Compendium (Food) --- http://www.ironchef.com/ 
Recipezaar --- http://www.recipezaar.com/ 

Hiking Trail Database http://www.hejoly.demon.nl/ 


Accounting's not really a do-it-yourselfer: Get help, Software, classes always good idea, but pros know best," by Jim Hopkins, USA TODAY, August 16, 2001 --- http://www.usatoday.com/ 

Learn the basics

* Bookkeeping is the nuts-and-bolts of financial management. It is the recording of expenses, such as rent and payroll, and of income.

* Accounting builds on bookkeeping. Accountants, often working outside the business, double-check and analyze the bookkeeper's numbers. They look for trends, such as expenses rising faster than income, or debt piling up. ''It gives you a sense of security,'' says Bob Breaux, a former accountant and founder of Total Computer Systems in Baton Rouge.

The remainder of this article is in the archives at http://www.usatoday.com/ 

Resource checklist

* Bob Jensen's Bookmarks for Accountants and Business Firms at http://www.trinity.edu/rjensen/bookbob.htm 

* American Association of Hispanic Certified Public Accountants is on the Web at www.aahcpa.org .

* American Express financial services company offers bookkeeping advice at http://www10.americanexpress.com/sif/cda/page/0,1641,6108,00.asp 

* American Institute of Certified Public Accountants has information about tax-law changes at 
http://www.aicpa.org/index.htm
.

* Nolo.com, a publisher of legal information, has accounting tips for small-business owners at 
www.nolo.com/encyclopedia/sb_ency.html#Subtopic167
.

* SCORE, The Service Corps of Retired Executives, offers free advice in face-to-face meetings, or online at www.score.org .


Online Discussion Groups for Accountants and Accounting Educators

AECM (Educators)  http://pacioli.loyola.edu/aecm/ 
AECM is an email, Listserv list which provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc
CPAS-L (Practitioners)  CPAS-L@Listserv.Loyola.Edu 
CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.
Yahoo (Practitioners)  http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA. This can be anything  from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.
AccountantsWorld  http://accountantsworld.com/forums/default.asp?scope=1
This site hosts various discussion groups on such topics as accounting software, consulting, financial planning, fixed assets, payroll, human resources, profit on the Internet, and taxation.

From Syllabus e-News, Resources, and Trends August 14, 2001

Skidmore to Expand Internet Class Offerings

Skidmore College received a grant of $460,000 from the Alfred P. Sloan Foundation to develop three new baccalaureate distance-learning programs through its University Without Walls. The new interdisciplinary programs in American history and culture, human nature and behavior, and communication and the arts, will be designed so they can be completed entirely over the Internet, said Skidmore President Jamienne Studley. The three-year grant will support new staff, provide funds for faculty to develop 30 new Internet courses and pay for assistance with Web site development, technical support, marketing, travel and other costs related to developing the new online programs.

The Skidmore College homepage is at http://www.skidmore.edu 


From Syllabus e-News, Resources, and Trends August 14, 2001

Thomson Learning Offers eTextbooks this Fall

Course Technology, a computer education publishing division of Thomson Learning, is offering flexible textbook content electronically through eBooks. Course Technology will offer a library of more than 50 of their best-selling textbook titles within eBook platforms beginning in September 2001. Course Technology offers a secure system for accessing, annotating and sharing copyrighted content online through its partnership with Rovia. The Rovia-enabled etextbooks, which look exactly like the printed version, integrate the entire offering of materials that accompany a textbook, including interactive quizzes, movies and other multimedia enhancements, into a single platform. Professors and students can customize their content by annotating text, highlighting key passages, inserting "sticky notes," and bookmarking pages.

Bob Jensen's threads on electronic books are at http://www.trinity.edu/rjensen/ebooks.htm


From Syllabus e-News, Resources, and Trends August 14, 2001

Atomic Dog Publishing Launches My Backpack 2.0

Atomic Dog Publishing, a Cincinnati-based higher education, online publisher, announced the release of its new online learning environment, MyBackpack 2.0, the platform upon which all of Atomic Dog's online textbooks are delivered. MyBackpack 2.0 presents textbooks in real-time, allowing for a higher level of customization, currency, and multimedia integration. The new learning environment features full text searching, pop-up glossary terms and footnotes, bookmarking, integrated study-guides, integrated video, audio, simulations, and animations, and a hyperlinked table of contents, in full and brief. MyBackpack 2.0 also enables students and instructors to customize their textbooks. Students can now enter personal notes and highlights within any of Atomic Dog's online textbooks. Instructors can also post notes, quizzes, Web exercises, alternative points of view, case studies, current events and critical thinking questions to their students. For more information, visit www.atomicdog.com .

Bob Jensen's threads on electronic books are at http://www.trinity.edu/rjensen/ebooks.htm


"E-Books Out of Print Already?" by M.J. Rose, Wired News, June 4, 2001

See also:
What if E-Books Cost Less?
E-Book Forecast: Cloudy
Getting a Read on New E-Books


eBookWeb ---- http://www.ebookweb.org/ 
News, resources, reviews, etc.

Bob Jensen's threads on electronic books are at http://www.trinity.edu/rjensen/ebooks.htm  


Wow Download of the Week
Electronic Book (eBook, e-Book) Security in PDF Formats
Download
Dmitry Sklyarov's Presentation Slides from http://www.cs.cmu.edu/%7Edst/Adobe/Gallery/ds-defcon/sld001.htm 
These are in techie-talk, but they are highly informative.

From LWN.net (a Division of Tucows) --- http://lwn.net/2001/0726/security.php3 

Adobe eBook Security Model (This download is amazing.  Dmitry Sklyarov became a celebrity.)
So, what is the security model for Adobe's Ebook computer which was compromised by Russian software company ElcomSoft, thereby landing Russian PhD computer science student Dmitry Sklyarov in jail? (Check last week's Front Page and this week's Front Page for the story).

If you're interested, Dmitry's presentation, entitled eBooks security - theory and practice is available on-line. It would be better, of course, with the accompanying talk, but it does a good job of showing how thin the Adobe PDF security is, pretty appalling given marketing quotes like these:

"eBook Pro", the only software in the universe that makes your information virtually 100% burglarproof! It comes with a lifetime, money-back guarantee

"At Last, You Can Sell Information Online (And Make Thousands Of Sales Per Day) - Without The Danger Of Having Your Information Stolen And Resold By Others."

with the actual features of the eBook Pro compiler:

All HTML pages and supplementary files are compressed with deflate algorithm from ZLIB

Compressed data are encrypted by XOR-ing each byte with every byte of the string "encrypted", which is the same as XOR with constant byte.

In addition to Dmitry's presentation, Bryan Guignard has written a whitepaper (from the Gallery of Adobe Remedies) that discusses Adobe's security as well. "Adobe make it clear that it 'expects' software developers to 'respect the intent' of its PDF security system. So as it is clearly seen from Adobe's own specification, PDF security is not based on sound technology, rather, it is based entirely on 'respect'".

He also mentions that ghostscript can similarly be used to bypass Adobe PDF security. Don't tell the Justice Department, or we'll end up losing access to that valuable tool as well!

 

 

 

Bob Jensen's threads on electronic books are at http://www.trinity.edu/rjensen/ebooks.htm  


New Internet journal --- Alternative Perspectives on Finance and Accounting

Dear Bob,

In the next few days, you'll be receiving the first articles for the new Internet journal Alternative Perspectives on Finance and Accounting. We realize that there has been a long delay since we first introduced the journal, but we have wanted to ensure the publication of quality articles that have undergone rigorous review, and this process can take time.

In addition to sending you these articles individually, you will be able to find them posted on the web site http://www.departments.bucknell.edu/management/apfa/ . Each paper will be indexed by a Volume indicating the year in which it was published (2001 is Volume 1) and a Number indicating the order in which it was published within the Volume. Because we are not required to meet any publisher's schedule and there are no space limitations, papers will be appear as they are accepted, and as many papers will appear in a volume as have been accepted. We intend to introduce each paper with a transmittal message in which the editors will comment on what we feel is the significance of a paper as an alternative perspective on finance and accounting.

The web site describes the editorial policies of the journal and what sorts of papers we feel are appropriate. Of course we always encourage you to correspond with us with suggestions and recommendations for the journal's improvement.

Skip McGoun
owner-apfa-l@bucknell.edu]On
 


Accounting Software 411 (AS411) --- http://www.accountingsoftware411.com/ 

Accounting Software 411 (AS411) is the place on the Web where you can find the latest news and information on accounting software products. This site is targeted to software consultants, software vendors and anyone who is either researching or is interested in information about accounting software and related solutions. Our goal is to create a community whereby everyone can learn and share their knowledge about the accounting software industry.

The site is broken down into four primary areas:
Note: The home page lists five content areas—software, consultants, messages, news and help.

Bob Jensen's threads on accounting software can be found at http://www.trinity.edu/rjensen/bookbob1.htm#software 


This should be of interest to anybody who updates a Web file daily or weekly. Some users around the world may miss your latest updates for reasons that I discuss in my reply to Professor XXXXX. In this instance, I update the booknew.htm file weekly at http://www.trinity.edu/rjensen/booknew.htm 

*************************************************************** -----Original Message----- From: XXXXX 
Sent: Wednesday, August 08, 2001 1:48 PM 
To: 'rjensen@TRINITY.EDU
Subject:

Bob: Just to let you know, the last 3 editions of your bookmarks that I read (July 13, July 27 and August 10) were all the same. Am I missing something?

Keep up the good work.

XXXXX 
***************************************************************

Reply from Bob Jensen

Hi XXXXX,

I suspect that you are linking to a cached copy stored in your computer. Bring up one of those New Bookmark copies and then hit the Refresh button in your browser so that you bring up a fresh copy from the web rather than a cached copy with the same booknew.htm file name.

If this turns out to be your problem, it is probably happening with other sites that you visit. I prefer to erase my Internet Explorer cache every day. You can do this in IE by clicking on (Tools, Internet options) and then setting the "Days to keep pages in history." I opt for zero days.

I also click the Refresh button if I'm suspicious that the browser went to a cached copy rather than a fresh copy of a Web page.

You can access the archived versions of New Bookmarks at http://www.trinity.edu/rjensen/bookurl.htm 

Reply from Del DeVries [ddevrie1@UTK.EDU]
(Teaching Bob Jensen a good lesson, although fortunately my settings were on Automatic)

Bob - the fix suggested deletes the history of links visited not the actual cache. To better control the IE cache click on (Tools, Internet options) and under Temporary Internet Files click on Settings - where you have control over the frequency of checking for newer versions of stored pages -- including Every Visit to the page. 
Del DeVries

Reply from Larry Gindler

Also see -- http://www.trinity.edu/its/how-to/cache/index.htm 

The web authoring techniques listed help both cache engines and the browser cache recognize "changed" pages. The user you responded too may be dealing with problems with his own cache or a cache engine serving his ISP.

--larry

Reply from Vidya.Ananthanarayanan@trinity.edu  

As an aside to hitting the Refresh button to access a non-cached page. I've realized that sometimes, hitting the Refresh button will still bring up a cached copy. So to make absolutely sure I'm accessing the page from the server itself, I use a shortcut - I hold down the Shift key while hitting the Refresh button. This is also pretty effective for someone like me who's a little lazy when it comes to clearing up the cache :-)

Vidya Ananthanarayanan Instructional Support Manager Extn: 7346 

Reply from John Howland (Professor of Computer Science at Trinity University)

Bob, 
Of course, caching can occur at other places which are somewhat beyond the user's control. For example, proxy servers and special cache engines which are attached to a site's routing point (we have just done this a few weeks ago here on our net, although the engine is not yet active-- you can see its traffic in an idle state at http://WWW.CS.Trinity.Edu/router/
John


Free Information Systems Journal and Other Resources
CIO.com --- http://www.cio.com/ 

The CIO.com site offers many resources and links as well as a free journal in information systems.


Survival Research Laboratories -- with its fiercely intense leader Mark Pauline -- serves as the launching pad for artists and performers who like their work to be loud and big and often dangerous. Multimedia presentation by Jeremy Barna and Brad King --- http://www.wired.com/news/culture/0,1284,45916,00.html 


A recent study by the Stanford Graduate School of Business shows that a company's forecast earnings are more likely to be exceeded when the auditing firm is paid more for its consultancy services. If this is true, how is a CPA firm's perceived independence affected by this situation? http://www.accountingweb.com/item/54733 

Stanford Business School Study Finds Consulting Contracts Impair Auditor Objectivity --- ttp://www.gsb.stanford.edu/news/nelson%5Fauditor%5Fobjectivity.html 

Study Finds Consulting Contracts Impair Auditor Objectivity --- http://www.smartpros.com/x30693.xml 

In recent years, a dramatic increase in the revenues big accounting firms derive from management consulting services has raised a red flag about auditor independence. The Wall Street Journal reported in April, for example, that just last year Sprint paid Ernst & Young $2.5 million for auditing but $63.8 million for other work, including $12 million for the deployment of a financial-information system. General Electric paid KPMG $24 million for auditing but more than three times that for other services.

Also see the following:

Reply from Leo Gallant [lgallant@STFX.CA

Wow, what a revelation


Some news stories to mismanagement of credit cards and fraud on the Web 
From ecommerce-discussion digest [ecommerce-discuss@year2000.com] on August 18, 2001

Egghead http://chkpt.zdnet.com/chkpt/xlink100/http://www.zdnet.com/zdnn/stories/news/0,4586,2669672,00.html 

Russian Mafia target US e-commerce poor credit card security http://www.zdnet.com/sp/stories/news/0,4538,2664277,00.html  http://chkpt.zdnet.com/chkpt/xlink100/http://www.zdnet.com/zdnn/stories/news/0,4586,2668427,00.html 

Latest ethical effort by group of security professionals to get the e-industry security shaped up http://chkpt.zdnet.com/chkpt/xlink/http://www.zdnet.com/intweek/stories/news/0,4164,2793167,00.html 

A directory of other computer security educational sites http://www.TechRepublic.com/forumdiscuss/thread_detail.jhtml?thread_id=20600 

MacWheel99@aol.com  (Alister Wm Macintyre) (Al Mac)

 


The future of the accounting and finance profession is changing daily. Tomorrow's accounting and finance professionals will shatter longstanding stereotypes as they shift from being backroom statisticians to boardroom strategists.  http://www.accountingweb.com/item/50518 

The Accountant as Strategic Advisor

"Increasingly, accountants will be relied upon to provide a predictive interpretation of financial data," said Max Messmer, chairman and CEO of Robert Half International. "A finance professional's analytical abilities make his or her involvement in strategic business decisions critical." In fact, in a survey conducted for the Next Generation Accountant project, CFOs predicted that five years from now issues and responsibilities outside of traditional accounting functions will occupy 37 percent of a senior accountant's time.

In their new strategic roles, accounting and finance professionals will be expected to provide big-picture thinking and an understanding of how financial data impacts every aspect of a business. Many accounting professionals are already removing the word "accountant" from their job titles, opting instead to refer to themselves as analysts, forecasters, advisors or financial managers, according to RHI's research.

The Influence of Technology

"Tomorrow's financial professionals must have a firm grasp of technology, including new hardware and software applications, data mining efforts, online assurance and security issues, Internet engineering, and wireless technologies," Messmer said. "They will use the Internet to store and retrieve information and, as a result, will interact more frequently with CIOs and other technology staff."

Eighty-two percent of CFOs surveyed for the Next Generation Accountant project said their accounting departments have become more immersed in their companies' technology initiatives in the last five years. More specifically, almost half (49 percent) of CFOs said their accounting departments have become more involved with e-commerce projects in the last three years.

Not surprisingly, when asked which skills, aside from financial expertise, will be most important for financial professionals in the future, CFOs ranked technology expertise first (44 percent). In addition, 52 percent of CFOs polled said technology training will be the top priority for their accounting staff in the next two years.

The Importance of "Soft" Skills

The team-based workplace of the future will require solid coaching and mentoring skills, as well as the ability to manage and motivate others, RHI's research shows. When asked which interpersonal skill is valued most in accounting candidates, 38 percent of CFOs surveyed said a positive attitude is most important, followed by team player skills (30 percent).

To work with nonfinancial colleagues and clients, accountants will need to be strong oral and written communicators who can convey complex information in simple terms when necessary. In addition, accountants in international finance will need to be fluent in two or more languages. When surveyed, 52 percent of CFOs said the most effective way for accountants to hone these skills is through classes and seminars; 36 percent said on-the-job learning was most valuable.

Certification and Specialization: Keys to Career Success

Some of the hottest specialties for accounting professionals include e-commerce, information technology services, forensic accounting, personal financial planning, assurance services, environmental accounting and international finance, according to experts surveyed. Certification will be a considerable asset in the accounting and finance fields. In a recent RHI survey, 85 percent of CFOs said they believe that a professional certification, such as a CPA (Certified Public Accountant) or CMA (Certified Management Accountant) designation, can boost career advancement opportunities.


Technology is impacting every aspect of our accounting practices, and leading firms have found that proper implementation and utilization of technology provide a strategic competitive advantage. Here are some technology strategies that will get you pointed in the right direction. http://www.accountingweb.com/item/55521 


Update on Authorware from Syllabus e-News on August 21, 2001

New Products Provide Courseware Development

Macromedia recently announced its eLearning Studio, which combines the new Authorware 6, the visual authoring product for creating interactive, e-learning applications, with Flash 5 and Dreamweaver 4 to provide an authoring solution for e- learning. eLearning Studio is compatible with ADL, AICC, and IMS, as well as traditional Web standards. New features in Authorware 6 include One Button Publishing for the Web and CD-ROM, enhanced external media support, drag-and-drop media synchronization, and support for streaming MP3 audio and XML parsing. Both products are expected to be available in September. Free templates and product extensions are available on Macromedia Exchange at http://www.macromedia.com/exchange .

Bob Jensen's history of course authoring systems is at http://www.trinity.edu/rjensen/290wp/290wp.htm 

Also see http://www.trinity.edu/rjensen/000aaa/thetoolsa.htm 


From Syllabus e-News on August 21, 2001

Questia 2.0 Nearly Doubles the Size of Its Collection

Recently, Questia—provider of an online library complete with search and writing tools--launches its version 2.0. Version 2.0 includes a collection of more than 60,000 full-text titles— nearly double the size of its version 1.0 collection launched January 2001. Version 2.0 also improves Questia's tools, which enable users to personalize books by electronically highlighting and making notes in them and to write better papers by automatically creating footnotes and bibliographies in various for- mats. New features include new tools for subscribers, including an automatic view of the most recently used books, a personal bookshelf for storing and retrieving favorite books, and a customizable home page; re-organization of tools and functions around the three main areas of search, read, and work to improve the site's usability; and faster search and navigation between books and within books. The Questia service is also useful, both as a source for teaching materials and as an effective anti-plagiarism tool. Using the search function to look for a phrase, professors can check a student's paper for material copied but not cited.  For more information, visit http://www.questia.com .

Bob Jensen's threads on electronic libraries are at http://www.trinity.edu/rjensen/searchh.htm#Librarian'sIndex 


The University of Virginia has expelled one student for plagiarism after a computer program caught him in the act. More than 100 cases are still pending 
"Plagiarist Booted; Others Wait," by Katie Dean--- http://www.wired.com/news/culture/0,1284,45802,00.html 

One student has been expelled, and more than 100 cases of plagiarism remain to be resolved at the University of Virginia after a physics professor used a computer program to catch students who turned in duplicate papers, or portions of papers that appeared to have been copied.

The school's student-run Honor Committee spent the summer investigating a fraction of the cases, and will continue to do so through the fall semester.

The committee's work has been slow over the summer break since many students are away. Thomas Hall, chairman of the committee, said he hopes to complete the remaining investigations by the end of October, and finish the trials by the end of the fall semester

 

See also:
Bob Jensen's threads on plagiarism 
Program Catches Copycat Students
Catching Digital Cheaters
Cheaters Bow to Peer Pressure
New Toys for Cheating Students
Get schooled in Making the Grade


Can't you just hear Johnnie Paycheck singing :Take this job and shove it, I a'int working here no more!"
Resignation.com - Historical Documents http://www.resignation.com/historicaldocs/index.html 

A 1936 Example From the United Kingdom
Edward VIII

December 11, 1936

INSTRUMENT OF ABDICATION

I, Edward the Eighth of Great Britain, Ireland, and the British Dominions Beyond the Seas, King, Emperor of India, do hereby declare my irrevocable determination to renounce the Throne for myself and for My descendants, and My desire that effect should be given to this instrument of Abdication immediately.

In token whereof I have hereunto set My hand this tenth day of December, nineteen hundred and thirty six, in the presence of the witnesses whose signatures are subscribed.

Edward VIII


Google is the king of all search engines, but a new generation of upstarts is nipping at its heels --- http://www.wired.com/news/technology/0,1282,45905,00.html 

Now there's a whole new generation of search engines trying to find new ways to top Google's accuracy or optimize the way that results are organized to make them easier to go through.

Some of them want to beat Google at its own game of being the universal search engine; others simply want to be specific research tools, increasing the depth while reducing the scope of a search.

WiseNut --- http://www.wisenut.com 

WiseNut, an up-and-coming search engine launched in May, improves upon the relevance of Google's search results through a context-sensitive ranking algorithm, which, according to WiseNut, Google lacks.

Google ranks pages based on links from other pages: the more links, the higher the page ranks in the results. WiseNut's context-sensitive ranking algorithm examines a page's links and the text on the page, compares the two, and puts the most relevant results first.

WiseNut also groups Web pages from the same site under one result listing, allowing more results to be shown on the same page.

WiseNut claims to have the fastest and most cost-effective search technology. It says it can index 50 million pages a day using only 100 off-the-shelf servers, which is faster than any of its competitors, the company said.

So far, its database has collected 800 million pages (compared to Google's 1 billion).

"Google's relevance created a lot of popularity among users," said Yeogirl Yun, WiseNut's founder. "But that doesn't mean there's no room for the next better search engine. If you look at search engine history, the leadership has changed every two or three years. First was Yahoo, then AltaVista, then Google."

Teoma --- http://www.teoma.com 

Teoma also has its eye on succeeding Google. It claims to return more relevant search results based on the judgment of "peer sites."

Google's system is based on the structure of the Web: Sites are ranked by popularity. The more hits and links a page enjoys, the higher it is returned in a search.

Teoma pushes this principle a little bit further by ranking pages according to how many links they have from other sites relating to the query subject. More than a general popularity contest, it measures a website's standing among its peers.

Teoma works by searching its database for pages that match the search terms. The resulting pool is then organized according to topics, and the engine determines the most popular sites that deal with the same topic.

Teoma tackles Google's organization problem by presenting search results in three different ways: Normal ranking, which portrays the most "authoritative" sites; by topic; and by experts' links, which are created by topic experts.

But what Teoma makes up for in organization, it lacks in reach: Teoma's URL database still has less than 100 million pages.

Lasoo --- http://www.lasoo.com 

Another way of increasing the relevance of a search is by limiting its scope.

Toronto-based Lasoo limits the scope of searches geographically, by asking users to select an area on an electronic map using a circular "lasso."

Unlike Google, Lasoo looks for information -- such as businesses and jobs –- only in the selected geographic area.

Lasoo selects results according to their physical proximity to the "epicenter" chosen by the user. It doesn't follow administrative or political divisions. Results are displayed on a map.

"We have a high-speed map server technology that allows us to create detailed maps for the entire world," says Peter Forth, Lasoo's chief technology officer. "And we have a geographic search engine technology that sifts through a database of over 30 million geo-coded businesses to find entries that match a particular keyword and are in a specific geographic area."

According to Forth, most other geographical search engines such as Yahoo are focused on the United States or on major cities only, whereas Lasoo is worldwide.

CURE --- http://www.starpond.com 

CURE limits the scope of searches by limiting the scope of its knowledge.

Starpond's Collaborative Use Research Engine (CURE) is a subscription service that caters to universities and research institutions.

Account holders specify the field of knowledge they are interested in, and CURE limits its searches to pertinent academic resources.

And, not unlike Google, pages are ranked by how frequently they are used by other CURE clients that do research in the same field.

Vivisimo --- http://www.vivisimo.com 

Vivisimo, a spin-off company from Carnegie Mellon University, is a meta search engine that uses other search engines and classifies the results.

Vivisimo categorizes summaries that are produced by other search engines and then groups the pages according to terms that the algorithm deems descriptive.

Users can pick among several search engines, including Google, AltaVista and Hotbot.

"Information clustering is a very old problem in computing," says Raúl Pérez Valdés, president of Vivisimo. "We have invented an algorithm that optimizes group formation in such a way that makes groups easier to describe."

The company plans to sell its cataloging technology to other search engines and corporate websites but it is already getting a lot of attention from end users: Traffic has increased by 43 percent per month.

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 

See also:
Searching the Invisible Web
Tracking Bloggers With Blogdex
Hot on the Scent of Information
Ogle Not Google's Top Scientist

Reply from Larry Gindler 

Go to www.trinity.edu/wtrends  select "Referrers&Keywords" select "Top Search Engines"

This shows what search engines have been used recently to access the Trinity server. It also shows what words people were using in the search that sent them to a Trinity page.
Larry

Reply announcing another search engine

Hello Dr. Jensen,

My name is Kris Burke from Slider search engine.

I was wondering if you would please consider adding our search engine to your search engine links?

We have a directory of over 2.5 million websites, ftp search, whole web search and a free encyclopedia. We will soon have a shareware section and many more features and content :)

Slider - Free Search Engine, Encyclopedia and File Search http://www.slider.com 

Thank-you.

Regards,
Kris Burke - Trellian [kris@trellian.com

 


Hello Professor Shehadeh.

I recommend that you contact Ting J. Wang and ask him for a copy of the very helpful paper and database that he presented  at the AAA meetings in Atlanta on August 22. I am going to use it in my Accounting Information Systems course.  Go to http://www.uwm.edu/Dept/Business/faculty/sbafaculty/wang.html 

You may find some help at http://www.trinity.edu/rjensen/acct5342/index.htm 

-----Original Message----- 
From: Mazen Ahmad Shehadeh [mailto:mazenrain@yahoo.com]  
Sent: Saturday, August 11, 2001 9:00 AM 
To: rjensen@trinity.edu  

Dear Sir: Where could i found samples or student projects for using access97 to build accounting systems? thanks

Mazen Ahamd Shehadeh,


The American Bar Association is Giving Something Away for Free
ABA LawInfo.org --- http://www.abalawinfo.org/ 

Your gateway to information on legal topics that affect your daily life.


Modern Living (A saga in the evolution of an artist) --- http://www.hoogerbrugge.com/ 
Lots of animations and art.


Cost-of-Living Calculator --- http://www.newsengin.com/neFreeTools.nsf 

This gizmo uses the historical Consumer Price Index for urban consumers (CPI-U) to convert dollar values between different years. This allows you to compare the real buying power of historical dollar amounts, adjusted for inflation. For example, the program will tell you that for the U.S. overall, $100 in 1979 bought as much as $199 did in 1993 (that's using the "U.S. City Average" for "All Items.")

You can perform the inflation adjustment for any of the categories or regions listed below. If you're dealing with national figures, it's probably safest for you to use the basic "All Items/U.S. City Average" calculator.

The CPI value for a given year is a measure of that year's cost-of-living compared to that of a 'reference date'; for the data here, that base cost is the average for the timespan 1982-1984. The 1993 U.S. urban "All Items" CPI of 144.5 means that in 1993, things cost 44.5 percent more than they did in 82-84. This program uses the following formula: TargetYear$ = (StartYear$/StartYearCPI) x TargetYearCPI.

The Bureau of Labor Statistics calculates and publishes the CPI based on data collected from tens of thousands of households and stores from around the country. I've imported some of the available CPI data from the bureau's Web site for these computations.

Here's a list of the separate categories for which the BLS calculates the CPI:


Bob Jensen's Advice on Web Page Design

Hi Anders,

It is good to hear from you. Please give my best to Eva. I am very happy with her success. She is a dedicated physician.

There are thousands upon thousands of good Web design helpers. One design helper that I recommend is at http://www.useit.com/ 

As an example of a great site design, go to http://historywired.si.edu/index.html  (although there should be a front page that loads fast and links to the opening page).

At Eva's website, my initial reaction is that she has a very good start.  Minor improvements would be to widen the tables where she lists book.  Major improvements would be to add helper links to the entire fields of asthma and allergy research.  The rule of Web design is to add content that will attract users to the site.  Users are generally attracted by useful information or entertainment.  Since entertainment is not appropriate for her site, the thing she should do is to add as much information as possible about her research fields, including Web links, literature citations, quotations, news items, testimonials of patients, testimonials of physicians, etc.

Eva should also take a look at "Search Engine Optimization FREE!" by Paul Boutin, Webmonkey, August 6, 2001 --- http://hotwired.lycos.com/webmonkey/01/23/index1a.html 

I have attached a copy of my August 10 edition of New Bookmarks at http://www.trinity.edu/rjensen/bookurl.htm  You may want to see how to add a button in less than a minute that will allow you to easily get definitions of English words while reading Web pages.

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu  http://www.trinity.edu/rjensen 

-----Original Message----- 
From: Anders Grönlund [mailto:ag@fek.su.se]  
Sent: Thursday, August 09, 2001 4:03 AM 
To: Jensen, Robert Subject: Greetings from Sweden!

Hi Bob and Erika, 

How are you over there? How was your trip to Germany and Berlin?

We went to Dallas in the beginning of June to Dr Bill Rea and a conference on environmental aspects of neurotoxicity. Eva did well during her two lectures and we met a lot of nice people. Especially there were some Gulf Veterans and it seems that many of them have terrible conditions after serving the Armed Forces. Then we went to New Jersey, and Rutgers University in East Brunnswick. Eva had a meeting with a colleague. We had one day in Manhattan! For us it was awful! Too many people and a too big city for us from the countryside. We took a ferry round trip of Manhattan - a three hours ride. We saw almost all big buildings and skylines from a refreshing distance. There are so many other nice places we would like to go to before we eventually go back to NY!

We have set up a site with Eva's research www.tilia.s  and we will start it up in a couple of weeks. If you go there you can find some information and findings about airways problems caused by strong fragrances and chemical sensitivity. The purpose of the site is to inform as many people as possible via Internet, both physicians and medical experts as well as patients and "normal people". The documents are in PDF format. Now Bob, here is a question to you: - Do you recommend us to have the documents also in a format for e-books? Can you please tell me how is this technique (ebook) progressing? I remember in San Diego two years ago, when you introduced us in this technique, then you anticipated a great future for it.

As an amateur in web design, do you have any good advice how to improve the site? We have been working on it this summer and feel that it can still be further improved. We will of course send you the all files for your information.

Look forward hearing from you! 
Anders and Eva
Anders Grönlund [ag@fek.su.se]  (in Sweden)


Hi Anders,

One advantage of PDF e-Books is that readers will get better formatting when they print the book. You can also set the Document properties so that readers cannot select text and copy part or all of the book. This is why publishers are moving toward PDF books. They allow readers to print pages without being able to copy pages.

To create PDF files, you must purchase Adobe Acrobat Version 5 http://www.adobe.com/products/acrobat/main.html  
But I would not pay the price at Adobe's website. Discount houses in the U.S. save us about 50% on Adobe prices. You can probably find a discount dealer in Sweden that will give you a better price.

After you install Acrobat Version 5, you do not actually prepare your PDF files in an Acrobat (Exchange) program. Instead, Acrobat Exchange attaches to your word processor (virtually any word processor). After you install Acrobat Exchange, a new option will appear in your word processor. For example, you use Microsoft Word, a new option to "Save as PDF" will appear in the Save item on Word's menu bar.

Note that you cannot edit PDF files (although you can add links and media files). Instead, you edit the original word processor file and then save a new version of the PDF file.  Adobe says you can now partially edit pages, but doing so is a painful process.

You can read more about PDF files at http://www.trinity.edu/rjensen/acrobat.htm  

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu  http://www.trinity.edu/rjensen 

-----Original Message----- 
From: Anders Grönlund [mailto:ag@fek.su.se]  
Sent: Thursday, August 09, 2001 10:07 AM 
To: Jensen, Robert Subject: SV: Greetings from Sweden!

Thanks Bob for your suggestions! We will do that. How about eBooks? Do you think it is appropriate for her files to be used with eBooks? I have just downloaded Acrobat eBook Reader, but how do you convert a text to this format? 

Anders


Herb Bethoney: Onboard telematics could mean car owners never have to ask for directions again. http://cgi.zdnet.com/slink?125769:2700840 


From NetStructure on August 8, 2001

10 MYTHS OF WIRELESS

If modern wireless mythology is to be believed, it won't be long before everything in the business world will be linked to the Internet and remotely controlled via cellular phone. People will walk down the street to a chorus of beeps and rings as coupons and ads from nearby shops arrive at their wireless inboxes. Mobile workers will be able to get the latest report from the office, even if they're cooling their heels in the back of a cab. No wireless device will have a keypad, because they'll all be controlled by voice commands.

It's time to come back to reality.

Assuming that the basics of coverage and customer service are ultimately mastered, wireless devices eventually will be widely deployed by enterprises, industry experts say. But it won't take the super-high-speed data streams promised by third-generation networks to achieve that use, and it won't happen until the marketplace better understands how to best use wireless technology. To read full story, click here: http://eletters1.ziffdavis.com/cgi-bin10/flo?y=eJzt0CIyMm0E4i0LP80AO 


Bloomberg Financial Glossary --- http://www.bloomberg.com/money/tools/bfglosa.html

Bob Jensen's links to glossaries can be found at http://www.trinity.edu/rjensen/bookbus.htm 


Here are three good reasons to install the free Merriam-Webster's Dictionary Button according to the instructions (just after the Quotations for the Week in the August 10 edition) at  http://www.trinity.edu/rjensen/book01q3.htm#081001 
 
1.  You get some pretty good definitions in English with one click of the mouse.
 
2.  You get the top-10 links associated with each term.  I find the links for "accountable" to be more useful than the links for "stewardship."
 
3.  There is a button that allows you to hear any word pronounced.
 
 
Dictionary Thesaurus Help
Click on the Collegiate Thesaurus tab to look up the current word in the thesaurus.

One entry found for accountable.
Main Entry: ac·count·able
Pronunciation: &-'kaun-t&-b&l
Function: adjective
Date: 14th century
1 : subject to giving an account : ANSWERABLE
2 : capable of being accounted for : EXPLAINABLE
synonym see RESPONSIBLE
- ac·count·able·ness /-'kaun-t&-b&l-n&s/ noun
- ac·count·ably /-blE/ adverb
 

Get the Top 10 Most Popular Sites for "accountable"
 
***********************************************************************************************************************************
 
Dictionary Thesaurus Help
Click on the Collegiate Thesaurus tab to look up the current word in the thesaurus.

One entry found for stewardship.
Main Entry: stew·ard·ship
Pronunciation: 'stü-&rd-"ship, 'styü-; 'st(y)u(-&)rd-
Function: noun
Date: 15th century
1 : the office, duties, and obligations of a steward
2 : the conducting, supervising, or managing of something; especially : the careful and responsible management of something entrusted to one's care <stewardship of our natural resources>
 

Get the Top 10 Most Popular Sites for "stewardship"

Enrique Villanueva wrote:

in an article (http://vlib.unitarklj1.edu.my/htm/account2.htm )i have read two terms (stewarship / accountability) that for me are similar. Could u explain me the difference. I include the paragraph  were that tems appear:   Velayutham and Rahman classify theories using a multidimensional matrix. They classify the main schools of thought as to purpose (descriptive or normative), approach to theory formulation (deductive, inductive, eclectical), underlying assumptions (economic, sociological, ethical, human behaviour, communication theory) and finally Smith's (1968) level of development viz.:

Level 1: According to common sense, assumptions adopted by society or personal whims not subjected to systematic empirical investigations

Level 2: A more scientific level in which a hypothesis of a narrow area of knowledge has been tested empirically, observed, and described systematically or analysed logically confirming belief.

Level 3: Hypothesis becomes a principle of law due to confirmation from many different sets of experimental tests.

Level 4: A series of facts, principles and laws forms a structured body of knowledge.

Level 5: This level (strangely) do not grow systematically from the other levels but are speculative systems that attempt to account for the more general ideas about reality, existence, knowledge, values etc. i.e. ontology and epistemology , based on people's coherent set of personal ideas and beliefs about reality. When the term theory is used, any of the five levels could be intended. They argue Levels 3 and 4, are more attuned to accounting practice than the theory at other levels.

They classify stewardship, deconstruction and professional promulgation as level 1 theories. EMH, Agency and Behavioural as level 2.

The decision-usefulness, information economics and critical perspectives are classified at level 5. Interestingly Accountability theories are classified at both level 1 and 5 simultaneously. They argue that the measurement of the influence of economic systems on the environment , employees and society is primitive (obviously they don't seem to be aware of Prof. Gray's work) therefore it fits the criteria for level 1. There is no theory classified at level 3 or 4 so the accountancy profession is still groping for its body of knowledge!
 

THANKS A LOT


Reply from E. Scribner [escribne@nmsu.edu

Bob, Speaking of Merriam-Webster, does today's word of the day apply to accounting standards, to the chagrin of Bob Sterling? (Rhetorical question--you don't have to reply!)

Ed Scribner 
New Mexico State

The Word of the Day for August 20 is:

factitious \fak-TIH-shuss\ (adjective) 1 : produced by humans rather than by natural forces 2 a : formed by or adapted to an artificial or conventional standard *b : produced by special effort : sham

Example sentence: Much to his friends' amusement, Al returned from his semester abroad speaking with a factitious British accent and peppering his speech with words such as "dodgy" and "bloke."

Did you know? Like the common words "fact" and "factual," "factitious" ultimately comes from the Latin verb "facere," meaning "to do" or "to make." But in current use, "factitious" has little to do with things factual and true -- actually, "factitious" often implies the opposite. The most immediate ancestor of "factitious" is the Latin adjective "facticius," meaning "made by art" or "artificial." When English speakers first adopted the word as "factitious" in the 17th century, it meant "produced by human effort or skill" (rather than arising from nature). This meaning gave rise to such meanings as "artificial" and "false" or "feigned."

*Indicates the sense illustrated in the example sentence.


Forwarded by Patrick Charles [charlesp@CWDOM.DM

Top 10 investment scams Bankrate.com

1. Unlicensed individuals, such as life insurance agents, selling securities. To verify that a person is licensed or registered to sell securities, call your state securities regulator. If the person is not registered, don't invest.

2. Affinity group fraud. Many scammers use their victim's religious or ethnic identity to gain their trust -- knowing it's human nature to trust people who are like you -- and then steal their life savings. The fraud varies from "gifting" programs at some churches to foreign exchange scams targeted at Asian Americans.

3. Payphone and ATM sales. In early March, 25 states announced actions against companies and individuals -- many of them independent life insurance agents -- that took roughly 4,500 people for $76 million selling coin-operated customer-owned telephones. Investors leased payphones for between $5,000 and $7,000 and were promised returns of up to 15 percent.

4. Promissory notes. Short-term debt instruments issued by little- known or sometimes non-existent companies that promise high returns -- upwards of 15 percent monthly -- with little or no risk.

5. Internet fraud. Scammers use the Internet to "pump and dump" thinly traded stocks, peddle bogus offshore "prime bank" investments and publicize pyramid schemes. Ignore anonymous financial advice on the Internet and in chat rooms.

6. Ponzi/pyramid schemes. These swindles promise high returns to investors, but the only people who consistently make money are the promoters who set them in motion, using money from previous investors to pay the new investors. Inevitably, the schemes collapse.

7. Callable CDs. These higher-yielding certificates of deposit won't mature for 10 to 20 years, unless the bank, not the investor, "calls," or redeems them. Redeeming the CD early may result in large losses -- upwards of 25 percent of the original investment. Regulators say sellers of callable CDs often don't adequately disclose the risks and restrictions.

8. Viatical settlements. Originated as a way to help the gravely ill pay their bills, these interests in the death benefits of terminally ill patients are always risky and sometimes fraudulent. The insured gets a percentage of the death benefit in cash from the investor; investors get a share of the death benefit when the insured dies. Because of uncertainties predicting when someone will die, these investments are extremely speculative. In a new twist, Pennsylvania regulators say "senior settlements" -- interests in the death benefits of healthy older people -- are now being offered to investors.

9. Prime bank schemes. Scammers promise investors triple-digit returns through access to the investment portfolios of the world's elite banks. These schemes often target conspiracy theorists, promising access to the "secret" investments used by the Rothschilds or Saudi royalty.

10. Investment seminars. Often the only people getting rich are those running the seminar, making money from admission fees and the sale of books and audiotapes. These seminars are marketed through newspaper, radio and TV ads and "infomercials" on cable television. Regulators urge investors to be extremely skeptical about any get- rich-quick scheme.

Source: North American Securities Administrators Association Patrick Charles charlesp@cwdom.dm 


Thank God!
Campaigns like X10's have massive reach but little staying power with consumers, according to Jupiter Media Metrix.  http://www.newmedia.com/default.asp?articleID=2900 


Web Graphics and Animation Overview 
Looking to create your first Web graphic? Jason reveals all, from manipulating existing images to building from scratch, choosing a format to Web optimization, rollovers to animations --- http://hotwired.lycos.com/webmonkey/01/28/index1a.html 

 
Imports Are In
Edits Big and Small
Starting from Scratch
Formats for Every Occasion
Exporting We Will Go
Images in Motion
Uploading, HTML, Plus a Peek at Tomorrow

 

 


P2P Special Report
Special Report: eWEEK Labs finds P2P products from Groove Networks and NextPage take collaboration and content distribution to new levels. http://cgi.zdnet.com/slink?125954:2700840 

Peer-to-peer computing—the sharing of computer resources and services by direct exchange between systems—is more than just hip. Napster made P2P famous and showed how scalable and effective this technology could be for exchanging information. It also gave advance warning of the security, manageability and difficult enterprise integration hurdles that loom before P2P can truly benefit companies.

Judging from the parade of products coming into eWEEK Labs, "peer to peer" has become a catchall phrase for everything from collaboration and content distribution to e-mail and file sharing applications.

P2P is an emerging technology that hasn't yet proved itself in the enterprise and, in many ways, is still just trying to get in the door. eWEEK Labs recommends investigating P2P-based packages in the few areas they have reached some maturity—in particular, content management and group collaboration—for their innovative design.

However, the lack of P2P standards and the retraining process that groupware-oriented packages demand are going to be large stumbling blocks for the foreseeable future.

Our tests of Groove Networks Inc.'s Groove 1.1 and NextPage Inc.'s NXT 3 e-Content Platform show P2P can help organizations tap otherwise unused computing power and boost storage and bandwidth to free up server resources. These two recent arrivals take aim at different market segments: Groove 1.1 provides extended collaboration capabilities using P2P technology; NXT 3 e-Content Platform offers a content distribution portal for exchanging files.

Under a Groove

The groove 1.1 enterprise-class peer computing platform is a beefed-up collaboration application that allows users to create shared spaces for small group interactions.

Leveraging P2P architecture for online and offline work and one-to-one or one-to-many collaboration, Groove offers flexibility to users. However, it lacks document version control and its administration features are weak; plus, it's limited to Windows 9x, NT and 2000 environments. (Macintosh and Linux support is planned.)

Groove 1.1, which was released last month, is priced at $49 per user. A free preview edition can be downloaded at www.groove.net.

The upgraded software offers the standard collaboration tools found in other groupware/collaboration software suites such as Microsoft Corp.'s Exchange Server and Centrinity Inc.'s First Class, including instant messaging, chat and voice chat capabilities, threaded discussions, calendars, and document sharing. However, it also provides new message history logging, integration with Microsoft Office and NetMeeting, and co-Web browsing.

We tested Groove 1.1 on a 60-node test network running Windows 2000 Professional clients. Installation was quick and simple—registering to the relay server took merely seconds. The user interface was easy to follow, and screen views enabled us to follow the progress of multiple projects simultaneously. Adding members was a breeze, and the interface showed which users were online and which ones were off. Messages and chat sessions were simple to open and close as needed.

When we created a shared space and invited users to join, Groove's administration tools enabled us to quickly bestow Manager, Participant or Guest privileges on each user. As a Manager, we could view all members on the screen and what sections they were in. The co-Web browsing tool, which enables everyone in a group to see a particular Web site, was very helpful.

Documents can be edited in real time, and users can work on the same document concurrently, with latest versions being displayed. The steep downside is that there's no version control: Updated documents take precedent, and old documents can't be recovered.

Currently, Groove 1.1 does not integrate with any document management product. However, the platform does include an open-source Groove Development Kit, and this development kit's open API gives outside vendors the ability to tailor applications and customize and expand the platform's capabilities.

NXT serves up P2P

another P2P option we tested is NextPage's NXT 3 e-Content Platform, which shipped in June priced at $85,000 for 250 users and unlimited servers.

NXT 3 uses server-based P2P technology for distributed content management in large networks. The product acts as a content-sharing portal but needn't be aggregated to one server, offering less server strain than traditional content portals.

Installation and configuration are time-consuming propositions because of the integrated features, and are also dependent on the size of an organization's information base.

NXT 3 comes with seven built-in modules that interact with one another to manipulate content anywhere on the network. Its open-source architecture includes administration, content management and content delivery.

The Security Services module uses Secure Sockets Layer, access control modules and data encryption, enabling secure delivery of content. The Rapid- Apps module provides a Web-based user interface for navigating, searching and receiving relevant content.

We installed NXT 3 on a test system consisting of a Windows 2000 Advanced Server (Solaris is also supported) network of four servers. After configuration was complete and content was populated across the network, we easily sent, retrieved and managed a variety of content.

The user interface was very easy to navigate and simplified administration chores: We could easily set users' rights to content and separated users into groups. NXT 3 supports disparate data formats, including HTML; Extensible Markup Language; Microsoft Word, Excel and PowerPoint; Adobe Systems Inc.'s PDF; Lotus Development Corp.'s Notes; and Open Database Connectivity-compliant formats.

Centralized management made it easy to edit and delete content throughout the network. Advanced searches (including Boolean) and metadata analysis are supported. ´

For the rest of the article, go to  http://cgi.zdnet.com/slink?125954:2700840 

Bob Jensen's threads on P2P sharing are at http://www.trinity.edu/rjensen/napster.htm 


The pioneer of online collaboration explains why peer-to-peer  (P2P) tools are the future.
"Reworking Online Work Q&A with Ray Ozzie," Technology Review,  August 13, 2001
http://www.techreview.com/web/mcdonald/mcdonald081301.asp 

Ozzie: Change generally happens much more slowly than we expect. The tens or hundreds of thousands of people who used instant messaging, e-mail, conferencing and online gaming on University of Illinois' PLATO system back in the mid-70s could never have imagined that it would take 25 years for such things to become mainstream.

That said, it is my fundamental hope that we figure out how to package technology so that it much more naturally reflects our human needs, without going overboard. For example, we can jot things down quite nicely with a pen, thank you, so why can't we just send "ink" reflecting our scribblings to one another, as opposed to forcing conversion to text? Why can't I leave you ink or voice messages as easily as I can send you text, without having to use always-imperfect techniques to translate them to text?

We have not even begun to explore how technology can help us to augment our own feeble memories and to effectively work with each other across time and space.

Bob Jensen's threads on P2P sharing are at http://www.trinity.edu/rjensen/napster.htm 


Wow Article of the Week

"Taming the Web," by Charles C. Mann, Technology Review, September 1, 2001 --- http://www.techreview.com/magazine/sep01/mann.asp 

"Information wants to be free." "The Internet can't be controlled." We've heard it so often that we sometimes take for granted that it's true. But THE INTERNET CAN BE CONTROLLED, and those who argue otherwise are hastening the day when it will be controlled too much, by the wrong people, and for the wrong reasons.

Last December, Vincent Falco, a 28-year-old game programmer in West Palm Beach, FL, released version 1.0 of a pet project he called BearShare. BearShare is decentralized file-sharing software—that is, it allows thousands of Internet users to search each other's hard drives for files and exchange them without any supervision or monitoring. Released free of charge, downloaded millions of times, BearShare is a raspberry in the face of the music, film and publishing industries: six months after the release of version 1.0, tens of thousands of songs, movies, videos and texts were coursing through the network every day. Because the software links together a constantly changing, ad hoc collection of users, Falco says, "there's no central point for the industries to attack." BearShare, in other words, is unstoppable.

Which, to Falco's way of thinking, is entirely unsurprising—almost a matter of course. BearShare is just one more example, in his view, of the way that digital technology inevitably sweeps aside any attempt to regulate information. "You can't stop people from putting stuff on the Net," Falco says. "And once something is on the Net you can't stop it from spreading everywhere."

The Internet is unstoppable! The flow of data can never be blocked! These libertarian claims, exemplified by software like BearShare, have become dogma to a surprisingly large number of Internet users. Governments and corporations may try to rein in digital technology, these people say, but it simply will never happen because...information wants to be free. Because, in a phrase attributed to Internet activist John Gilmore, the Net treats censorship as damage and routes around it. Laws, police, governments and corporations—all are helpless before the continually changing, endlessly branching, infinitely long river of data that is the Net.

To the generations nurtured on 1984, Cointelpro and The Matrix, the image of a global free-thought zone where people will always be able to say and do what they like has obvious emotional appeal. Little wonder that the notion of the Net's inherent uncontrollability has migrated to the mainstream media from the cyberpunk novels and technoanarchist screeds where it was first articulated in the late 1980s. A leitmotif in the discussion of the Napster case, for example, was the claim that it was futile for the recording industry to sue the file-swapping company because an even more troublesome file-swapping system would inevitably emerge. And the rapid appearance of BearShare—along with LimeWire, Audiogalaxy, Aimster and a plethora of other file-swapping programs—seemed to bear this out.

Nonetheless, the claim that the Internet is ungovernable by its nature is more of a hope than a fact. It rests on three widely accepted beliefs, each of which has become dogma to webheads. First, the Net is said to be too international to oversee: there will always be some place where people can set up a server and distribute whatever they want. Second, the Net is too interconnected to fence in: if a single person has something, he or she can instantly make it available to millions of others. Third, the Net is too full of hackers: any effort at control will invariably be circumvented by the world's army of amateur tinkerers, who will then spread the workaround everywhere.

Unfortunately, current evidence suggests that two of the three arguments for the Net's uncontrollability are simply wrong; the third, though likely to be correct, is likely to be irrelevant. In consequence, the world may well be on the path to a more orderly electronic future—one in which the Internet can and will be controlled. If so, the important question is not whether the Net can be regulated and monitored, but how and by whom.

The potential consequences are enormous. Soon, it is widely believed, the Internet will become a universal library/movie theater/voting booth/shopping mall/newspaper/museum/concert hall—a 21st-century version of the ancient Greek agora, the commons where all the commercial, political and cultural functions of a democratic society took place. By insisting that digital technology is ineluctably beyond the reach of authority, Falco and others like him are inadvertently making it far more likely that the rules of operation of the worldwide intellectual commons that is the Internet will be established not through the messy but open processes of democracy but by private negotiations among large corporations. To think this prospect dismaying, one doesn't need to be a fan of BearShare.

Myth #1: The Internet Is Too International to Be Controlled

At first glance, Swaptor seems like something out of a cyberpunk novel. A secretive music-swapping service much like Napster, it seems specifically designed to avoid attacks from the record labels. The company is headquartered in the Caribbean island nation of St. Kitts and Nevis. Its founders are deliberately anonymous to the public; its sole address is a post-office box in the small town of Charlestown, Nevis. Swaptor's creators seem confident that the company can survive beyond national laws—after all, the Internet is too spread across the world to control, right?

Indeed, Swaptor does seem protected. Nevis, according to company representative John Simpson, "has excellent corporate laws for conducting international business." He is apparently referring to the happy fact that Nevis has not ratified either the World Intellectual Property Organization Copyright Treaty or the WIPO Performances and Phonograms Treaty, both of which extend international copyright rules to the Internet. As a result, Swaptor appears not to be breaking local or international law.

The founders of Swaptor "wish to remain anonymous at this time," according to Simpson. They won't need to reveal themselves to raise money: the company is headquartered in an offshore bank called the Nevis International Trust. Affiliated with the bank is a successful online gambling concern, Online Wagering Systems. Supported by advertising, Simpson claims, Swaptor has been profitable since its launch in February.

In the imagination of Net enthusiasts, offshore havens like Nevis are fervid greenhouses in which this kind of suspect operation can flower. But can it? Napster at its peak had a million and a half simultaneous users, generating a huge amount of data traffic; the company established itself in Silicon Valley, where it could gain access to the infrastructure it needed to handle this barrage of connections. Swaptor, in contrast, is headquartered in Nevis. The sole high-capacity Net pipeline to Nevis is provided by the Eastern Caribbean Fibre-Optic System, which snakes through 14 island nations between Trinidad, off the Venezuelan coast, and Tortola, near Puerto Rico. Yet this recently installed system, though it is being upgraded, has a limited capacity—not enough to push through the wash of zeroes and ones generated by a large file-swapping service. Which, one assumes, is why the "offshore" service of Swaptor is actually situated in...Virginia.

Should the recording industry decide to sue Swaptor, it wouldn't need to rely on the company or on Technology Review to get this information; widely available software can trace Swaptor traffic and discover that Swaptor's central index of available files is located on five servers that sit just a few miles from the Washington, DC, headquarters of the Recording Industry Association of America. (Two common monitoring programs, Traceroute and Sniffer, can be downloaded gratis from thousands of Web sites.) Not only that, Swaptor's Web site—the site from which users download the program—is hosted by a Malaysian company with an explicit policy against encouraging copyright infringement.

As Swaptor shows, the Net can be accessed from anywhere in theory, but as a practical matter, most out-of-the-way places don't have the requisite equipment. And even if people do actually locate their services in a remote land, they can be easily discovered. "I don't think most people realize how findable things are on the Net," says David Weekly, the software engineer and Net-music veteran who tracked down Swaptor's servers for this magazine in a few minutes. "With simple software...you can find out huge amounts of information about what people are doing in almost no time."

Once international miscreants are discovered, companies and governments already have a variety of weapons against them—and soon will have more. According to Ian Ballon of the Silicon Valley law firm Manatt, Phelps and Phillips, who serves on the American Bar Association committee on cyberspace law, even if offshore firms are legal in their home bases, their owners "have to be willing to not come back to the United States." Not only do they risk losing any assets in this country, but U.S. businesses that deal with them will also be at risk. "Any revenue the offshore business sends to them could be subject to attachment," says Ballon.

In the future, moreover, the reach of national law will increase. The Hague Conference on Private International Law is developing an international treaty explicitly intended to make outfits like Swaptor more vulnerable to legal pressure—"a bold set of rules that will profoundly change the Internet," in the phrase of James Love, director of the activist Consumer Project on Technology. (The draft treaty will be discussed at a diplomatic meeting next year.) By making it possible to apply the laws of any one country to any Internet site available in that country, the draft treaty will, Love warns, "lead to a great reduction in freedom, shrink the public domain, and diminish national sovereignty."

Rather than being a guarantee of liberty, in other words, the global nature of the Net is just as likely to lead to more governmental and corporate control.

For the rest of the article, go to http://www.techreview.com/magazine/sep01/mann.asp 

Myth #2: The Net Is Too Interconnected to Control

Myth #3: The Net Is Too Filled with Hackers to Control

See also BearShare at http://www.bearshare.com/ 

BearShare is an exciting new Windows file sharing program from Free Peers, Inc. that lets you, your friends, and everyone in the world share files! Built on Gnutella technology, BearShare provides a simple, easy to use interface combined with a powerful connection and search engine that puts thousands of different files in easy reach! Best of all, BearShare is FREE! Download BearShare now!

What makes BearShare so special? Look at these features:

  • Complete documentation
  • Search or share any type of file
  • Keyword highlighting for search results
  • Multiple active searches
  • Resume incomplete downloads and uploads
  • Bandwidth barrier detection and avoidance
  • Active monitoring and updating of shared directories
  • Connection Setup Wizard
  • Resizable window
  • Status indicator lights
  • Color coded list view items
  • Graphical progress display for transfers
  • Sorting, multiple selection in lists
  • Automatic connection maintenance using
    the Clip2 DSS Gnutella Service Provider
  • Customizable filters exclude virus file types
  • File type filters for searches and shared files
  • Search results shows missing, incomplete, and matching files
  • Multiple shared directories
  • Play/Open/Explore files from each page
  • Server type, user agent, and version displays
  • Monitor shows hits, requests, uploads
  • Comprehensive statistical reporting
  • Backup routing
  • Reverse lookup for computer addresses
  • Compatible with Reflector and LimeWire indexing features
  • Simultaneous Active and Passive searching modes
  • Strict adherance to Gnutella protocol
  • Fully optimized code
  • Easy to use
  • Much more...

Bob Jensen's threads on P2P sharing are at http://www.trinity.edu/rjensen/napster.htm 


"Little Big Science Nanotechnology is all the rage. But will it meet its ambitious goals? And what the heck is it?" by Gary Stix, Scientific American --- http://www.scientificamerican.com/2001/0901issue/0901stix.html 

The definition (nanotechnology) is indeed slippery. Some of nanotechnology isn't nano, dealing instead with structures on the micron scale (millionths of a meter), 1,000 times or more larger than a nanometer. Also, nanotechnology, in many cases, isn't technology. Rather it involves basic research on structures having at least one dimension of about one to several hundred nanometers. (In that sense, Einstein was more a nanoscientist than a technologist.) To add still more confusion, some nanotechnology has been around for a while: nano-size carbon black particles (a.k.a. high-tech soot) have gone into tires for 100 years as a reinforcing additive, long before the prefix "nano" ever created a stir. For that matter, a vaccine, which often consists of one or more proteins with nanoscale dimensions, might also qualify.

But there is a there there in both nanoscience and nanotechnology. The nanoworld is a weird borderland between the realm of individual atoms and molecules (where quantum mechanics rules) and the macroworld (where the bulk properties of materials emerge from the collective behavior of trillions of atoms, whether that material is a steel beam or the cream filling in an Oreo). At the bottom end, in the region of one nanometer, nanoland bumps up against the basic building blocks of matter. As such, it defines the smallest natural structures and sets a hard limit to shrinkage: you just can't build things any smaller.

Nature has created nanostructures for billennia. But Mihail C. Roco, the NSF official who oversees the nanotechnology initiative, offers a more restrictive definition. The emerging field-new versus old nanotech-deals with materials and systems having these key properties: they have at least one dimension of about one to 100 nanometers, they are designed through processes that exhibit fundamental control over the physical and chemical attributes of molecular-scale structures, and they can be combined to form larger structures. The intense interest in using nanostructures stems from the idea that they may boast superior electrical, chemical, mechanical or optical properties-at least in theory. (See "Plenty of Room, Indeed," by Michael Roukes, on page 48, for a discussion of why smaller is not always better.)

Real-world nano, fitting Roco's definition, does exist. Sandwiching several nonmagnetic layers, one of which is less than a nanometer thick, between magnetic layers can produce sensors for disk drives with many times the sensitivity of previous devices, allowing more bits to be packed on the surface of each disk. Since they were first introduced in 1997, these giant magnetoresistive heads have served as an enabling technology for the multibillion-dollar storage industry.

New tools capable of imaging and manipulating single molecules or atoms have ushered in the new age of nano. The icons of this revolution are scanning probe microscopes-the scanning tunneling microscope and the atomic force microscope, among others-capable of creating pictures of individual atoms or moving them from place to place. The IBM Zurich Research Laboratory has even mounted the sharp, nanometer-scale tips used in atomic force microscopes onto more than 1,000 microscopic cantilevers on a microchip. The tips in the Millipede device can write digital bits on a polymer sheet. The technique could lead to a data storage device that achieves 20 times or more the density of today's best disk drives.

Varied approaches to fabricating nanostructures have emerged in the nanoworld. Like sculptors, so-called top-down practitioners chisel out or add bulk material to a surface. Microchips, which now boast circuit lines of little more than 100 nanometers, are about to become the most notable example. In contrast, bottom-up manufacturers use self-assembly processes to put together larger structures-atoms or molecules that make ordered arrangements spontaneously, given the right conditions. Nanotubes-graphite cylinders with unusual electrical properties-are a good example of self-assembled nanostructures [see "The Art of Building Small," by George M. Whitesides and J. Christopher Love, on page 38].

For the rest of the article, go to http://www.scientificamerican.com/2001/0901issue/0901stix.html 

Also see Bob Jensen's Threads on Invisible Computing, Ubiquitous Computing, and Microsoft.Net --- http://www.trinity.edu/rjensen/ubiquit.htm 


Hi Piero, 

I highly recommend the online Murthy and Groomer book on AIS at http://www.cybertext.com/  
I think you can get a free password to examine the book.

There are, of course, many hard copy textbooks that link MIS with AIS.

You can also get a free relational database case and paper discussing the importance of relational databases in AIS from TJ Wang [tjwang@uwm.edu]  TJ made a nice presentation of this paper and case at the annual meetings of the American Accounting Association in Atlanta.

Hope this helps.

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu  
http://www.trinity.edu/rjensen
 

-----Original Message----- 
From: Piero Cabrera [mailto:pierostud@YAHOO.COM]  
Sent: Tuesday, August 21, 2001 11:26 PM 
To: CPAS-L@LISTSERV.LOYOLA.EDU S
ubject: Is Management Information Systems important for accountants???

Hi, everybody, I'm making a research to emphasize the importance of Management Information Systems for Accounting. I will to know if there any source of information to look for in accordance to the topic. I will like to focus that at least our mayor required for this knowledge to support our efficiency nowadays, but avoiding to be an IT consultant. Thanks in advance for your help and suggestions, 

Piero


A 1-1/2-year-old computer in Israel is being reared to learn the same way children do -- with the hopes of being the first machine to pass the so-called "Turing Test." http://www.wired.com/news/technology/0,1282,46171,00.html 

I build his world on a daily basis," explained Treister-Goren.

She heads the training department at the Israeli-based Artificial Intelligence (AI), where she inputs information and language ability through conversations with Hal and works with computer experts who fine-tune his algorithms to enhance his performance.

The privately owned company, run by Israeli tech entrepreneur Jack Dunietz, aims over the next 10 years to develop Hal into an "adult" computer program that can do what no program has ever done before -- pass the Turing test.

The father of artificial intelligence, British mathematician Alan Turing was also one of the founders of computer science. More than 50 years ago he predicted the advent of "thinking machines."

But in Turing's time, computers were slow and cumbersome devices, utterly incapable of fulfilling his vision.

Turing, who died in 1954, left behind the benchmark test for computer intelligence: A human interrogator questions two entities via computer terminal; one entity is also human, while the other is the smart computer. If the computer aces the test, it fools the interrogator into thinking it is human. No computer program has done this -- yet.

If -- or when -- a computer passes the Turing Test, it will open a Pandora's box of ethical and philosophical questions. After all, if a computer is perceived to be as intelligent as a person, what is the difference between a smart computer and a human being?

Today's chatbots -- computer chat programs that have personas and names -- are incapable of dealing with changes in context or abstract ideas, and succeed only at momentarily tricking people by regurgitating pre-programmed answers.

But Hal has fooled child language experts into thinking he is a toddler with an understanding of about 200 total words, composing short, infantile sentences using a limited 50-word vocabulary.

"Ball now park mommy," Hal tells Treister-Goren, then asks her to pack bananas for a trip to the park, adding that "monkeys like bananas," a detail he picked up from a story on animals in a safari park.

The idea is to educate Hal gradually, the way a child learns, through trial-and-error and rewards when he performs well.

When Hal was "born," he was hardwired with nothing more than the letters of the alphabet and a preference for the rewards received for a positive outcome, over the punishments meted out for a negative one.

The pre-programmed preference for rewards makes Hal strive for a correct response. Treister-Goren corrects Hal's mistakes in her typewritten conversations with him, an action Hal is programmed to recognize as a punishment, which he avoids repeating.

For the rest of the article, go to " http://www.wired.com/news/technology/0,1282,46171,00.html  

See also:
The Truth Behind A.I.
A.I.: Unraveling the Mysteries
A.I. Can't Yet Follow Film Script
Computers Learn to Play By Rules


ISWORLD at http://www.isworld.org/isworld/isworldtext.html 

[What's New] [Top Resources] [Research] [Teaching] [Professional Activities][Country Pages] [ISWorld List Digest] [About ISWorld]

We will provide information management scholars and practitioners with a single entry point to resources related to information systems technology and promote the development of an international information infrastructure that will dramatically improve the world's ability to use information systems for creating, disseminating, and applying knowledge. Our vision has been sharpened by several metaphors which are accessible. Below are our objectives and a overview of our target community.

Great AIS links are also provided by Alan Sangster at http://www.qub.ac.uk/mgt/alans/alans.htm 

"How Priceline Became A Real Business," by Clay Shirky, The Wall Street Journal, August 13, 2001 
http://interactive.wsj.com/archive/retrieve.cgi?id=SB99765488066568057.djm&template=pasted-2001-08-13.tmpl
  

There are two vital lessons here for anyone trying to make money on the Internet.

The first is that Priceline didn't succeed until it decided to become a real business. Priceline was originally touted as a proof-of-concept company for Walker Digital, a privately held firm whose sole product is business-model patents. Priceline's exploding market cap quickly led it away from its focus on plane tickets into gasoline, groceries and even yard sales.

Priceline's recent profit was largely achieved by reversing all of that conceptual work with layoffs and restructuring, all designed around such old-fashioned goals as bringing spending in line with revenues and focusing on its core business of selling airline tickets.

The Internet's most significant attribute is its relentless lowering of the cost of gathering and using information. This makes the Internet fundamentally deflationary, and the only sure way to use this deflation to your advantage is to target someone else's high-margin business. Given its high prices, air travel was a perfect target for Priceline, while trying to manipulate the margins of groceries, gas and yard sales turned out to be a huge distraction.

The other lesson, perhaps even more important, is contained in the embrace of GAAP. When the intellectual achievements of the 20th century are tallied, GAAP should be on everyone's Top 10 list. The idea of GAAP -- so simple yet so radical -- is that there should be a standard way of accounting for profit and loss in public businesses, allowing investors to see how a public company manages its money. This transparency is what allows investors to compare businesses as different as McDonald's, IBM and Tupperware, and it makes U.S. markets the envy of the world.

Internet businesses worked hard to avoid GAAP, because GAAP might suggest that it would take years of hard work and focus to turn a profit. Instead, we saw dot-coms reporting revenue from gross rather than net sales (a trick Priceline once used); revenue from barter deals (often used by advertising-dependant companies like StarMedia and SportsLine); and even revenue from the future (MicroStrategy's stock fell over 60% in a single day when it announced that it had been recognizing millions in income before it had invoiced its clients).

It's too early to tell what Priceline's second-quarter profit says about its long-term prospects, much less about the Internet sector as a whole, but three cheers for Priceline anyway for embracing a virtuous circle of executing on its core business and reporting the results using GAAP. We can only hope that its newly found discipline will be widely copied by the Internet sector as a whole. Only when that happens will investors finally be able to sort the real businesses from the illusory ones.

Bob Jensen's threads on e-Commerce and e-Business can be found at http://www.trinity.edu/rjensen/ecommerce.htm 

 

Bob Jensen's Documents on Accounting Theory can be found at http://www.trinity.edu/rjensen/theory.htm



Veteran users of Blackboard (Bb) from around the world discuss their experiences with Blackboard at http://www.trinity.edu/rjensen/blackboard.htm 

Included are the following:

1. Links to tutorials at top universities such as Duke University

2. Links to video clip testimonials from Northwestern University

3. A link to a video tutorial from Saginaw State University

4. User messages on advantages and disadvantages using Bb in college courses

One confusion among some of our faculty is that Blackboard entails authoring in unfamiliar software. Blackboard, unlike Authorware, FrontPage, GoLive, TookBook, and many other complicated authoring packages, is more of a container (shell) in which authored works can easily be transferred by simple procedures. These works include Microsoft Office (e.g., Word and Excel files), Adobe Acrobat (PDF) files, audio, video, and HTML files created outside the Blackboard shell. Having an existing Website does not prevent you from transferring your Web documents to Blackboard.

Among the various advantages of Blackboard is the ability to make copyrighted material available to your students. Many academic journals such as about 10 journals from the American Accounting Association have a policy that articles may be reproduced for students enrolled in classes but cannot be shared with the world from a Web site. Password access to documents at a Web site are usually not secure. Password access to documents in Blackboard are very secure and are used by tens of thousands of instructors around the world to limit access to private materials, including examinations and answers You can also share your own writings with students on Blackboard without fear that strangers will download them from Blackboard. In Blackboard, you can selectively control what and when you disclose certain documents to students, including answers to quizzes and homework.

There are, of course, many other advantages to Blackboard, including a variety of ways in which students can communicate in a course and a variety of tools for managing your course, including grade records and examination grading.

There are also drawbacks discussed by veteran users of Blackboard.

For a summary, go to http://www.trinity.edu/rjensen/blackboard.htm 


Blackboard and Datatel Partnering
WASHINGTON, D.C. and FAIRFAX, Va. – August 13, 2001 – Blackboard Inc., the leading
Internet infrastructure company for e- Education, and Datatel, Inc., the premier provider of
advanced information management solutions for higher education, today announced an
agreement to develop an integrated solution that delivers a unified online campus environment
for clients. The solution will enhance the companies’ ongoing efforts to tie together key front-end
applications from Blackboard – including courses, communities and auxiliary services –
with critical back-office services from Datatel such as human resources, finance, institutional
advancement, and student information.
Michael J. Stanton Tricia, Blackboard Inc.. (202) 463-4860 x305 mstanton@blackboard.com 
Tricia Score, Datatel, Inc.  (703) 227-1010 txs@datatel.com 

Bob Jensen's threads on Bb can be found at http://www.trinity.edu/rjensen/blackboard.htm 


Color Contrast & Dimension in News Design --- http://poynter.org/special/colorproject/index.html 

Explains color theory and shows how to use it in design through examples and exercises.


An important finance  and economics resource site from Harvard University

Project Finance Portal http://www.hbs.edu/projfinportal/ 

Bob Jensen's threads on course authoring resources can be found at the following sites:

http://www.trinity.edu/rjensen/000aaa/newfaculty.htm 

http://www.trinity.edu/rjensen/000aaa/0000start.htm 


Forwarded by Don Van Eynde

Welcome to the August issue of 'Executive Matters.' This month's e-newsletter for Executive Members of the American Management Association includes results of a survey on the impact of the sluggish economy on corporate forecasts and projections, findings of another survey on decision making in our digitalized age, and insights into the state of the Talent War. Yes, recruitment and retention continue to be problems even in our topsy-turvy economy.

But first, you're invited to our upcoming series of Executive Member Breakfast sessions this fall. Attendance is free to all Executive Members. Check out the schedule at: http://www.mworld.org/register.nsf/General/3691 

This Issue 

1. Budget Crunching Due to Economic Slowdown 
2. More Decisions to Make, Many Decisions Made Too Late. Why? 
3. Project Scope Is Like a Box of Cracker Jacks… 
4. Yardstick for Corporate Retention 
5. Toward Better Partner Relationships 
6. Digitizing Your Business 
7. Putting Life Back into the Old Business 
8. Seize the Day 
9. Bonuses Paid Even When Performance Drops _________________________________________________________

Budget Crunching Due to Economic Slowdown AMA recently completed its survey of Executive Members on the impact of the topsy-turvy economy on their budget process. Of those who responded to the survey: 46% reported that they've revised downward estimates of sales revenue for the year 2001 37% expect a shortfall in total revenues compared to their January estimates. Cuts have also been made in spending: Thirty eight percent say they'll need fewer full-time workers and 32% plan to cut back on part-time or contracted workers. More than a third have cut back on travel expenditures. So far, these cuts are par for an economic slowdown. But less usual, one in four (26.4%) told us they have cut their marketing budget. Most interesting, high-tech expenditures are proving resistant to cuts: 12% say they'll spend less than planned on new information systems hardware and 11% will cut down on software purchases, but 15% say they will increase their budgets for hardware and 11% will spend more on software. __________________________________________________________

More Decisions to Make, Many Decisions Made Too Late. Why? We're told often that everything needs to be done faster in today's digitalized age. That includes decision making. A study by Kepner-Tregoe, entitled "Decision Making in the Digital Age: Challenges and Responses," suggests that executives and managers are falling behind both in making the decisions and then implementing them. Of 818 employees surveyed --including almost 500 managers nearly three-quarters of the workers and four-fifths of the managers admitted that they had missed opportunities because they didn't make decisions quickly enough. Why? When asked that very question, workers and managers were in close agreement. Over 40% of both groups cited the need for multiple approvals as the most frequently encountered barrier. Other common roadblocks: organizational politics, changing priorities, and getting people to agree up front on what they want the decision to accomplish.

When further asked about the impact of time pressure on decision making, those surveyed identified these issues as compromising their decision making quality, in order of importance:

1. A poor job of information sharing 
2. Lack of involvement of the right people 
3. Failure to get agreement up front on goal 
4. Failure to get enough information 
5. Failure to get comment to a decision prior to implementation 
6. Lack of exploration of all options before decision making 
7. Insufficient thought to the risks before making a decision 
8. Failure to test assumptions _______________________________________________________

Project Scope Is Like a Box of Cracker Jacks… When you head up a project, do you have difficulty meeting completion dates? Do project stakeholders ask for and get more, yet they won't change the completion date? Then you have problems with project scope. Appreciating the relationship between project scope and a Cracker Jacks box may be the first step toward avoiding project scope problems. To understand the analogy, click http://www.mworld.org/register.nsf/channel8/3552  ________________________________________________________

Yardstick for Corporate Retention Measuring the strength of your organization, say two Gallup executives, comes down to 12 questions. In their book "First, Break All the Rules: What the World's Greatest Managers Do Differently" (Simon & Schuster), Marcus Buckingham and Curt Coffman note how a "yes" to all of the following questions identifies an organization with the capability to attract, focus, and keep the most talented employees:

1. Do I know what is expected of me at work? 
2. Do I have the materials and equipment I need to do my work right? 
3. At work, do I have the opportunity to do what I do best every day? 
4. In the last seven days, have I received recognition or praise for doing good work? 
5. Does my supervisor, or someone at work, seem to care about me as a person? 
6. Is there someone at work who encourages my development? 
7. At work, do my opinions count? 
8. Does the mission/purpose of my company make me feel my job is important? 
9. Are my co-workers committed to doing quality work? 
10. Do I have a best friend at work? 
11. In the last six months, has someone at work talked to me about my progress? 
12. This last year, have I had opportunities at work to learn and grow?

Too simplistic to measure corporate strength? Not so, say the authors. They found these 12 questions captured everything an executive wanted to know about his enterprise. They don't tell you everything, say Buckingham and Coffman, but they do provide you with the most information and the most important information ____________________________________________________________

Toward Better Partner Relationships

Trust may be important in e-business partnerships, as Michael J. Cunningham writes in "Partners.Com" (Perseus), but the following are also important to avoid friction, finger pointing, excuses, and finally divorce, he observes:

1. Share agendas for mutual goals and mechanisms for involving all the team. Writes Cunningham, "Should problems arise, agree how they will be handled, by whom, and over what time period."

2. Listen carefully. Don't just try to get signage on the deal. The relationship has to continue beyond the development stage, and that demands empathy for the partner's mission.

3. Make clear the values and culture of your operation. During the relationship's early stages (think "courtship"), provide examples of how you and the organization work. This will help with expectations. Even if some of the issues are negative, better that the parties recognize them early in the process.

Although the book "Partners.Com" focuses on e-business relationships, its advice is applicable to any corporate partnership. _________________________________________________________

Digitizing Your Business No, this isn't about dotcoms. Digitizing here means using technology to create new value propositions for customers and inventing new ways of capturing profits. Not bad, right? Further advice is from Adrian Slywotzky and David Morrison, authors of the best-selling business book How Digital Is Your Business. To share their insights, click http://www.mworld.org/visitor.nsf/channel5/4222 

________________________________________________________

Putting Life Back into an Old Business In their book "Leading at the Speed of Change: Using New Economy Rules to Invigorate Old Economy Companies," Bill Capodagli and Lynn Jackson describe how veteran AT&T executive Rick Roscitt looked around at AT&T and saw the services, products, and technological expertise he could use to provide network management and communications outsourcing for client companies. By answering these seven questions, you may not be able to build a $5 billion organization as Roscitt did, but you might be able to capitalize on the current success of your organization to cultivate new growth:

Is your company multiplying its success? In the process, is it staying lean and hungry for more business? Do you say "yes" to customers more often than you say "no"? Do you customize each customer solution instead of following a rule book? Do you regularly rethink corporate vision and reconfirm your culture and values? Do you stay in the trenches with customers more than remain in the ivory tower of senior management? If a competitor is prepared to attack, do you have a business plan ready to counterattack? Do you see your existing customer base as your best source of growth?

___________________________________________________________

Seize the Day You've heard it before: If you are to lead others, you first need to know how to lead yourself. Ethel Cook of the Corporate Improvement Group has come up with a list of ten soul-searching issues to gain greater insight into yourself—from lifetime issues to questions about avoiding professional obsolescence. Cook doesn't say you have to gobble it all up but it is food for thought. Click http://www.mworld.org/register.nsf/channel8/3013 

___________________________________________________________

Bonuses Paid Managers Even When Performance Drops Despite the economic slowdown, companies still are concerned about employee retention. At least according to a survey by the Hay Group that found that many companies in its home state of Massachusetts were paying bonuses to virtually all eligible managers, even when basic company performance goals were not met.

According to the survey, more than 40% of Massachusetts companies in the year 2000 failed to achieve the minimum level of corporate performance required to pay out management bonuses.  Yet their boards of directors at more than half of these firms (60 percent) overrode their own provisions and gave bonuses to 91% of managers.  In most cases, the rewards were quite modest: half of what they would have been if the companies had met performance goals.

Right intention, wrong tactic, according to Larry Reissman, Hay Group's New England Reward Practice Leader: "Clearly, the boards of these companies are being sensitive to the expectations and the morale of the employee population. The Boards believe that rewarding bonuses to virtually all managers, despite non-stellar company performance, is necessary to foster retention. But this perspective isn't necessarily good for the business." Certainly it isn't good for morale. Since under-performing companies have less money for bonuses, and since under-performing managers are still being included in the bonus pool, the highest performing managers are being under-rewarded.

Added Reissman: "We believe it's in a company's best interest to single out the best of the best, and to reward them according to their performance -- even if it's at the expense of average performers. The best performer expects a bigger reward, is marketable and is whom the competition wants to recruit. Companies that don't reward them appropriately will lose them. Differentiating managers based on contribution is tough, but necessary. Ultimately, the best performers are where value resides."

See also http://www.trinity.edu/rjensen/beresford01.htm 


The new DiskOnKey is a nifty gadget that lets you copy files from, to, or between computers. Pretty cool, eh? But don't count on it working between PCs and Macs, even though it says it can. http://www.newmedia.com/default.asp?articleID=2918 


Here's something enlightening - use this website and a favorite URL to get a map showing the route followed by the digital signal from that URL's host to your screen.

http://www.visualware.com/visualroute/livedemo.html   

Scott Bonacker, CPA McCullough, Officer & Company, LLC Springfield, Missouri moccpa.com


No doubt some know, but some may not know that software is sold on eBay and Yahoo Auctions. I bought three sealed copies of Peachtree Complete Accounting 2001 v8.0 for an average cost of just over $100, much cheaper than the alternative in this case of buying four copies of v9.0 for $250 each.

I found Quickbooks, Office 97, and many others as well. 

Scott Bonacker, 
CPA McCullough, Officer & Company, LLC Springfield, Missouri moccpa.com 


Tehelka, which exposed bribery scandals that led to the resignations of Indian officials, puts more salacious political details on the Web --- http://www.wired.com/news/politics/0,1283,46225,00.html 

See also:
A Sticky Wicket for Tehelka.com
The Death of India's Net Leader


Forwarded by Jagdish Gangolly

I thought some of us might be interested in this interesting piece that I got from "Information Week".

jagdish

** Not Everything Is Peachy With PDFs (Files read with Adobe Acrobat)

Security firm Vigilinx Inc. is alerting customers of a first-ever worm that replicates using an Adobe portable document format (PDF). The PeachyPDF@mm worm mass mails itself through Microsoft Outlook. Not only does it send itself to 100 addresses from an infected users' address book, it also sends itself to the users' alternative E-mail addresses.

Jerry Freese, chief intelligence officer at Vigilinx, says the worm was coded by a hacker known as "Zulu," who also wrote the first E-mail worm BubbleBoy. "This guy is no script kid; he is an actual virus writer," says Freese. A user who opens a Peachy PDF sees a document that reads "You have one minute to find the peach!" An icon requests users to double click on an icon to "show the solution." If the user does so, and is running the full version of Adobe Acrobat--not just the reader--the worm propagates.

Freese theorizes that the worm is a protest of the recent arrest of the hacker Dmitry Skylarov at this year's BlackHat/Defcon 9 conference. Skylarov was arrested for violating the Digital Millennium Copyright Act. He was going to deliver a presentation about reverse engineering Adobe E-books. "There are a lot of upset hackers about this," says Freese. He stresses that the only danger is jammed E-mail servers: Peachy doesn't pack a powerful payload. According to Vigilinx, users can download the latest virus definitions from Symantec, McAfee, and Central Command. - George V. Hulme

For more on this topic, read Full Disclosure http://update.informationweek.com/cgi-bin4/flo?y=eEJa0BdWfS0520Quq0Ad 

Service Kills Viruses Dead http://update.informationweek.com/cgi-bin4/flo?y=eEJa0BdWfS0520Qzn0Af 

Internet Goes Red http://update.informationweek.com/cgi-bin4/flo?y=eEJa0BdWfS0520QNt0A2 


Peter Walton, Professor of Accounting at ESSEC, offers a warning note to the IASB in the latest issue of the ACCA's Accounting&Business magazine over its decision to reopen the measurement approach debate as a project on its new agenda. For further details see our full article online at http://accountingeducation.com/news/news2008.html 


It's Your Future --- What should you know about your pension and savings plans?
Take this quick quiz and share it with other friends --- test your knowledge in such areas as the tax treatment of 401(k) plans, employer and employee rights regarding the plans, the annual limit on contributions, and - most importantly - what that (k) stands for! http://www.accountingweb.com/item/54931 


Overseers of the new dot-info domain unveil a database showing which trademark holders have registered which Web addresses. The result: Many very basic terms are already getting claimed --- http://www.wired.com/news/business/0,1367,45900,00.html 


That's $73,809.52 per vote.
A grand total of 84 Internet ballots were turned in during the Pentagon's $6.2 million experiment last year for overseas soldiers who wanted to vote --- http://www.wired.com/news/politics/0,1283,46009,00.html 


Federal Election Reform --- http://www.reformelections.org/ 


Trends in Online Porn --- It's an International Affair

Britons drawn to online porn --- http://news.bbc.co.uk/hi/english/sci/tech/newsid_1484000/1484003.stm  
Source: NetValue
Source: NetValue
More than a quarter of Britons using the internet from home visit pornographic websites, according to new figures.

Around 3.8 million home users visited an adult site in June, said internet monitoring company NetValue.

Last year, psychologists warned that online sex addiction was creating a dangerous new compulsion affecting everyone from housewives to gay men and corporate executives.

Of the sample of 5,000 people questioned by NetValue, students were the most likely to click on to porn, making up 23.2%.

See also:
Porn Stripped of Gossip Maven
Girl Model Sites Crossing Line?
'The Most Hated Man in Web Porn'
Smut Glut Has Porn Sites Hurting
Debating the Ban on Virtual Porn
Online Crime a Tough Collar
New Worm Takes On Kiddie Porn


Although U.S. agents arrested dozens of suspected Web users who traded in child pornography, differences in international law makes it difficult to nab all the culprits --- http://www.wired.com/news/politics/0,1283,45965,00.html 


Microsoft's Passport is no friend to the consumer who values his or her privacy, especially now that it's so integrated into XP. That's the concern of privacy advocates who are complaining to the U.S. government --- http://www.wired.com/news/privacy/0,1848,46095,00.html 

See also:
Big News, or Windows Dressing?
XP Not Privy to Computer Privates
Microsoft's Mixed Bag
MS Scoffs at Windows Worries
Icons Cluttering Up Windows Space


Intellectual Property Rights (Copyrights, Patents, Plagiarism, etc.)
IP @ The National Academies http://ip.nationalacademies.org/ 

From Internet content protection to human gene patenting, IP rights in many forms have emerged from legal obscurity to public debate. This website serves as a guide to the Academies' extensive work on Intellectual Property and a forum to discuss ongoing work.


From Information Week Daily on August 8, 2001

Being a CFO for a high-tech company today apparently isn't all it was cracked up to be. At least, that's one conclusion that can be drawn from the rash of CFOs who've walked away from high-profile jobs in recent months.

The latest departure came Tuesday, when Stephen Collins stepped down from his post at online marketing firm DoubleClick Inc., where he'll continue in a strategic role through the first quarter of 2002. The announcement came less than a month after Collins told investors he didn't expect a rapid turnaround for the ailing online advertising market, and on the heels of a quarter in which DoubleClick lost $10.5 million and saw revenue drop 20% from a year ago.

To be fair, Collins says he's leaving for entirely personal reasons, and the fact that the man he groomed to be his replacement, Bruce Dalziel, will be taking over for him is evidence that his exit was carefully planned. In fact, Collins says he agonized over the decision. "I didn't want to seem like I was abandoning my friends."

But other CFO departures appear to have been directly related to their companies' performances. Just last week, Mark Perry resigned as CFO of struggling digital-subscriber-line service provider Covad Communications Co. "to pursue other interests," the company said. Covad lost $198.5 million in its most recent quarter and is busy negotiating with bondholders to climb out from under $1.4 billion in debt. A couple of weeks earlier, it was RealNetworks Inc.'s CFO, Paul Bialek, who decided to call it quits; the company cited "personal reasons." RealNetworks' profit for the quarter ended June 30 was down 77% from a year ago.

A week before that, Andrew Hajducky stepped down as CFO of Internet holding company CMGI Inc., with the company saying Hajducky wanted to "pursue an external opportunity." His exit came after CMGI had lost $3.5 billion in the past two quarters. And in early July, when Randall Bolten ended a six-year reign as CFO of E-business software firm BroadVision Inc., no explanation was offered. BroadVision's revenue is down significantly from last year and it lost $242.8 million for the quarter ended June 30. Two months earlier, Exodus Communications Inc.'s R. Marshall Case and Lucent Technologies Inc.'s Deborah Hopkins left their CFO posts in the wake of huge quarterly losses for their respective employers. Hopkins reportedly had received a $4 million signing bonus when she joined Lucent just a year earlier after a 16-month stint as CFO at Boeing Co.

Cahners In-Stat Group analyst Kneko Burney says the procession of CFO resignations is reflective of the tech sector's return to what she calls "realityland," a place where profits, prudent management, customer satisfaction, and organic growth have replaced the grow-at-all-costs approach that was prevalent in 1999 and 2000. Burney says a lot of financial execs jumped from stable, slow-growth industries into IT because of the allure of stock options and accelerated growth. Many of them, she says, are waking up to the fact that the young companies they joined for a change of pace are now operating more like the industries they left, only without the stable revenue streams. "These are the best and the brightest from other industries," she says. "They're leaving because they're suddenly going, 'This is a bunch of bull.'" 


Forwarded by Jim McKinney [jim@MCKINNEYCPA.COM

FYI, Source Forge is an on-line meeting place for open source projects. Their link is http://sourceforge.net/  . There are 1000's of projects with source code available in numerous languages. The projects range from very sophisticated (e.g. MySQL) to mere ideas. For those operating on the cheap or those trying to get programming ideas this seems to be a great place.

Jim McKinney Howard University


The Identity Theft Resource Center (ITRC) is a nonprofit organization dedicated to developing and implementing a comprehensive program against identity theft. The organization's goals include supporting victims of identity theft, broadening public awareness and understanding of identity theft, and decreasing the potential victim population. Here are several tips from the ITRC on ways in which you can lessen your risk of identity theft. http://www.accountingweb.com/item/54993 


The Survival Research Laboratories are a loosely assembled group of half-mad scientists who build big robots and then blow them up. Mark Pauline, their leader, is the man who keeps them together -- and pushes them apart --- http://www.wired.com/news/culture/0,1284,45063,00.html 

See also:
RoboCup: Where Bots Kick Butt
People Make the Best Robots
Quantum Mechanics' New Horizons


Stay Away from Club Drugs.  These are described at http://www.ncjrs.org/club_drugs/club_drugs.html 


Disability insurance is one of those items many people say they don't need--unless something were to go terribly wrong. While many employers provide disability coverage, analysts say this isn't enough coverage (usually only half of a monthly salary, and with a cap of $5,000). Using the Internet, you can compare policies and premiums, and may even get more coverage for much less money. Find the disability insurance that is right for your needs. http://www.accountingweb.com/item/28975 


A new study sees a light at the end of the online advertising tunnel. But what comes out when the market emerges will be part digital marketing, part Internet advertising. http://www.newmedia.com/default.asp?articleID=2938 

As Internet-only retailers struggle with profitability, and the all-important holiday season approaches, new research finds the big offline brands that dominate retailing in the U.S. are driving mainstream shoppers online. http://www.newmedia.com/default.asp?articleID=2909 

AudioBase's free MP3 streaming applet, AB3, lets developers put audio into a Web site without needing to use plug-ins. http://www.newmedia.com/default.asp?articleID=2910 

For more discussion of MP3 audio, go to http://www.trinity.edu/rjensen/000aaa/newfaculty.htm#Resources 


Cultures on the Edge --- http://www.culturesontheedge.com/ 
Subtitled "an open look at cultural diversity around the world"


Maple 7 and Maple PowerTools each win an EDDIE in the 6th Annual Educational Software Review Awards --- http://www.maplesoft.com/whats_new/news_releases/eddie_awards01.html 

WATERLOO, CANADA, August 1, 2001—Waterloo Maple, a world leader in mathematical software for education, research and industry, is pleased to announce that its flagship product, Maple 7, has won the Educational Software Review Award (EDDIE) in the math category, post-secondary level, for the second year in a row. In addition, Maple PowerTools™, a free online resource of Maple application packages and academic course materials, was submitted for the first time this year and won the award in the educational Web site category for post-secondary mathematics.

The EDDIEs, sponsored by the ComputED Gazette, aim to recognize innovative and content-rich programs that are appropriate for use by educators to augment the classroom curriculum and improve teacher productivity. Winners are selected from titles submitted by software publishers from around the world and are based on academic content, potential for broad classroom use, technical merit, subject approach and quality of management system.

“The dual EDDIEs are a confirmation that our efforts have made a difference to math educators,” states Jim Dell, Product Marketing Manager for Waterloo Maple Inc. “We are honored, and look forward to enhancing our products and services even further.”

Maple 7 and Maple PowerTools are among the titles that are made available to school districts teachers, and the public through ComputED Learning Lab and the Educational Software Preview Service of San Diego Center for Educational Technology, a nonprofit organization based in Cardiff, California. For more information visit computedgazette.com.

The Maple homepage is at http://www.maplesoft.com/main.html 


"Hollywood Moves to Rent Movies Online," by Rick Lyman, The New York Times, August 17, 2001 --- http://www.nytimes.com/2001/08/17/technology/17STUD.html 

LOS ANGELES, Aug. 16 — Five major movie studios, including some of Hollywood's top players, unveiled plans today for a joint venture that would allow computer users to download rental copies of feature films over the Internet.

The service, which will be available only to those with high-speed Internet connections, is an attempt to get ahead of piracy problems that have plagued the music industry through services like Napster and which were beginning to be felt in the film industry with newer file-swapping services.

"I think the majority of consumers believe that copyright has value and that if they have a pay vehicle to watch movies on the Internet, they will pay for it," said Yair Landau, president of Sony (news/quote) Pictures Digital Entertainment. "We want to give honest people an honest alternative."

The venture is also seen by many studio executives as a first step toward true video-on-demand, when consumers will be able to watch any movie they want, whenever they want. Initially, the films will be available for download only onto personal computers, or television monitors linked to an Internet connection, but eventually video-on-demand service is expected to include cable television and other delivery systems.


"New disc--is it the end of the music CD?" by Gwendolyn Mariano, ZD Net News, August 6, 2001 --- http://www.zdnet.com/zdnn/stories/news/0,4586,5095272,00.html?chkpt=zdnnp1tp01 

InterTrust Technologies, a maker of digital rights management software, said Monday it has partnered with start-up DataPlay to provide secure digital media in a move to thwart music piracy by replacing the compact disc. Santa Clara, Calif.-based InterTrust said it will place DRM formats on DataPlay-enabled devices, including blank and prerecorded discs. Such DataPlay discs can hold 11 hours of compressed music, or seven to 10 albums.

Both companies are betting that DataPlay's discs are eventually going to replace the compact disc, which has been considered to be the source of music piracy on the Web.

"This whole music piracy problem isn't going to go away until the CD dies," said Talal Shamoon, senior vice president at InterTrust. "A lot of these music subscription services and download services that have been put together...are great, but they're not an effective replacement for a new entertainment experience because CDs are still here, and CDs define the path."

The announcement comes as record labels are beefing up their efforts to provide online subscription services amid reports that the Justice Department has launched an antitrust investigation into such services. RealNetworks, BMG Entertainment, Warner Music Group and EMI Recorded Music have created MusicNet. Meanwhile, Sony and Vivendi Universal Group have formed Pressplay and will use MP3.com to create its backbone technology.




Forwarded by Dick Haar

Brother Baku entered the 'Monastery of Silence' and the Head Friar said, "Welcome Brother, this is a silent monastery. You are welcome here as long as you like, but you may not speak until I direct you to do so."

Brother Baku lived in the monastery for 5 years before the Head Friar said to him: "Brother Baku, you have been here 5 years now, you may speak two words."

Brother Baku said, "Hard Bed."

"I'm sorry to hear that," the Head Friar said. "We will get you a better bed."

After another 5 years, Brother Baku was called by the Head Friar. "You may say another two words Brother Baku."

"Cold food," said Brother Baku, and the Head Friar assured him that the food would be better in the future.

On his 15th anniversary at the monastery, the Head Friar summoned Brother Baku to hear his allowed two words.

"I quit," said Brother Baku.

"It is probably best," said the Head Friar. "You've done nothing but complain since you've been here."




The Museum of Hoaxes --- http://www.museumofhoaxes.com/ 
This site was featured in USA Today, August 16, 2001, Page 3D

Silence Dogood in 1722

In 1722 a letter appeared in the New-England Courant written by a middle-aged widow named 'Silence Dogood'. Over the course of the year, this widow submitted a total of fourteen letters to the Courant in which she poked fun at various aspects of life in colonial America, such as the drunkenness of locals and the fashion of hoop petticoats.

Silence Dogood was particularly fond of ridiculing Harvard. She complained that it had been ruined by corruption and elitism, and that most of its students learned nothing there except how to be conceited.

She explained that she had once been married to a minister with whom she had lived for seven years before he had died, leaving her with three children. She coyly admitted that she didn't enjoy the life of a widow and could be easily persuaded to marry again. Apparently a few of the Courant's male readers found her letters so charming that they wrote to the paper offering to marry her.

Silence Dogood, however, did not exist. She was the invention of a sixteen year-old boy named Benjamin Franklin whose older brother, James, was a printer in Boston. It is not known whether James was privy to the true identity of Silence Dogood, or whether, like the rest of Boston, he was fooled by his younger brother.

This was the first of Franklin's many hoaxes.

References: Fedler, Fred. Media Hoaxes. Iowa State University Press. 1989. 5-6.

In an email reply, Brooks Hill reminded me of a Ben Franklin article entitled "Advice to a Young Man." 
http://www.swarthmore.edu/SocSci/bdorsey1/41docs/51-fra.html
  

June 25, 1745

My dear Friend,

I know of no Medicine fit to diminish the violent natural Inclinations you mention; and if I did, I think I should not communicate it to you. Marriage is the proper Remedy. It is the most natural State of Man, and therefore the State in which you are most likely to find solid Happiness. Your Reasons against entering into it at present, appear to me not well-founded. The circumstantial Advantages you have in View by postponing it, are not only uncertain, but they are small in comparison with that of the Thing itself, the being married and settled. It is the Man and Woman united that make the compleat human Being. Separate, she wants his Force of Body and Strength of Reason; he, her Softness, Sensibility and acute Discernment. Together they are more likely to succeed in the World. A single Man has not nearly the Value he would have in that State of Union. He is an incomplete Animal. He resembles the odd Half of a Pair of Scissars. If you get a prudent healthy Wife, your Industry in your Profession, with her good Economy, will be a Fortune sufficient.

But if you will not take this Counsel, and persist in thinking a Commerce with the Sex inevitable, then I repeat my former Advice, that in all your Amours you should prefer old Women to young ones. You call this a Paradox, and demand my Reasons. They are these:

1. 
Because as they have more Knowledge of the World and their Minds are better stor'd with Observations, their Conversation is more improving and more lastingly agreable.

2. 
Because when Women cease to be handsome, they study to be good. To maintain their Influence over Men, they supply the Diminution of Beauty by an Augmentation of Utility. They learn to do a 1000 Services small and great, and are the most tender and useful of all Friends when you are sick. Thus they continue amiable. And hence there is hardly such a thing to be found as an old Woman who is not a good Woman.

3. 
Because there is no hazard of Children, which irregularly produc'd may be attended with much Inconvenience.

4. 
Because thro' more Experience, they are more prudent and discreet in conducting an Intrigue to prevent Suspicion. The Commerce with them is therefore safer with regard to your Reputation. And with regard to theirs, if the Affair should happen to be known, considerate People might be rather inclin'd to excuse an old Woman who would kindly take care of a young Man, form his Manners by her good Counsels, and prevent his ruining his Health and Fortune among mercenary Prostitutes.

5. 
Because in every Animal that walks upright, the Deficiency of the Fluids that fill the Muscles appears first in the highest Part: The Face first grows lank and wrinkled; then the Neck; then the Breast and Arms; the lower Parts continuing to the last as plump as ever: So that covering all above with a Basket, and regarding2 only what is below the Girdle, it is impossible of two Women to know an old from a young one. And as in the dark all Cats are grey, the Pleasure of corporal Enjoyment with an old Woman is at least equal, and frequently superior, every Knack being by Practice capable of Improvement.

6. 
Because the Sin is less. The debauching a Virgin may be her Ruin, and make her for Life unhappy.

7. 
Because the Compunction is less. The having made a young Girl miserable may give you frequent bitter Reflections; none of which can attend the making an old Woman happy.

8thly and Lastly 
They are so grateful!!

Thus much for my Paradox. But still I advise you to marry directly; being sincerely Your affectionate Friend.

The above article is also cited in Mike Kearl's discussion on "trophy wives" at http://www.trinity.edu/~mkearl/fam-life.html 


 Educating Yam

You know that all potatoes have eyes. Well, Mr. and Mrs. Potato had eyes for each other, and finally they got married and had a little sweet potato, whom they called 'Yam'.  Of course, they wanted the best for Yam. When it was time, they told her about the facts of life. They warned her about going out and getting half-baked, so she wouldn't get accidentally mashed and get a bad name for herself like 'Hot Potato' and end up with a bunch of TaterTots.

Yam said not to worry, no Spud would get her into the sack and make a rotten potato out of her! But on the other hand she wouldn't stay home and become a Couch Potato, either.  She would get plenty of exercise so as not to be skinny like her Shoestring cousins. 

When she went off to see the world, Mr. and Mrs. Potato told Yam to watch out for the Hard Boiled guys from Ireland and the greasy guys from France called the French Fries. And when she went out west, Yam was warned to watch out for Indians so she wouldn't get scalloped. Yam said she would stay on the straight and narrow and wouldn't associate with those high class Yukon Golds or the ones from the other side of the tracks who advertise their trade on all the trucks that say, 'Frito Lay.'

Mr. and Mrs. Potato sent Yam to Idaho P.U. (that's Potato University) so that when she graduated she'd really be in the Chips. But in spite of all they did for her, one day Yam came home and announced she was going to marry Tom Brokaw. 

Tom Brokaw????  
Mr. and Mrs. Potato were very upset. They told Yam she couldn't possibly marry Tom Brokaw because he's

 

just a...

 

Common Tater

 

(For the benefit of foreign readers, Tom Brokaw is a "commenter" on NBC's nationally televised news programs.)


 

Are you tired of just sitting in your office and looking like a typical accountant.  Come to life and let people passing by you in the hall see you bounce to the jive of some really great guitar music.  If you're keen on guitars and guitar sounds, this is where you want to go to both learn about guitars and download free MP3 guitar sounds from some top musicians.  Go to http://www.guitarnotes.com/ 

 

For MP3 downloads, click on the upper tab called "MP3".  Warning:  There seem to be a lot of broken links.  This is probably due to the fact that this service is very new and under construction.

 

The downloads are not all guitar music.  For the old farts of my generation, I found some great big band music.  Under the MP3 download tab, click on the 112 link and then choose Buddy Rich.   Wow! Did I ever bounce when I downloaded COTTON TAIL.

 

This is also a guitar instruction site.  Experts will also answer your questions about guitars and guitar music.

 

I learned about this free MP3 download site in a message from John Dallair.  Thanks John.  Now I can't sit still.

 


Please note the instructions at the end of the following message.

The Root Of Evil -- MONEY
 It can buy a house, but not a home.

 It can buy a bed,  but not sleep.

 It can buy a clock, but not time.

 It can buy you a book, but not knowledge.

 It can buy you a position, but not respect.

 It can buy you medicine, but not health.

 It can buy you blood, but not life.

 It can buy you sex, but not love.

So you see, money isn't everything and it often causes pain and suffering.

I tell you this because I am your friend and as your friend I want to take away all your pain.

Instructions:
So please send me all your money and I will suffer for you.
Cash only.
Small bills.

 Have a nice day:)




And that's the way it was on August 24, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

Links to the following accountancy documents:

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

  Hline.jpg (568 bytes) Hline.jpg (568 bytes)

 Hline.jpg (568 bytes)

 

August 10, 2001 

Bob Jensen's New Bookmarks on August 10, 2001
Bob Jensen at Trinity University
 

This may be the last edition of New Bookmarks until September.  I will be out of town for a week in Atlanta and then for most of another week making a presentation in Mexico.  In addition, there are many duties associated with cranking up a university for the start of the new academic year.  

This is a rather special edition, and I hope you find it helpful.



Quotes of the Week

From Hapless to Helped
"autodidacts disadvantaged by distance" (Don't you love alliteration as a memory aid?)  In the first four quotations below, contrast and compare the impact of the interactive Internet and ebullient email on evolving education from 1858 versus 2001.  

Hapless:  The Year 1858

When the University of London instituted correspondence courses in 1858, the first university to do so, its students (typically expatriates in what were then the colonies of Australia, Canada, India, New Zealand, and South Africa), discovered the programme by word of mouth and wrote the university to enrol.  the university then despatched, by post-and-boat, what today we would call the course outline, a set of previous examination papers and a list of places around the world where examinations were conducted.  It left any "learning" to the hapless student, who sat the examination whenever he or she felt ready:  a truly "flexible" schedule!  this was the first generation of distance education (Tabsall and Ryan, 1999):  "independent" learning for highly motivated and resourceful autodidacts disadvantaged by distance. (Page 71)
Yoni Ryan from Chapter 5 of The Changing Faces of Virtual Education edited by Glen Farrell (see below)


Helped:  The Year 2001

The combination of asynchronous and synchronous materials in the WebCT environment worked well for my students. I felt closer to my students than I did in a live class. When I loaded AIM and saw my students online, I felt connected to them. Each student had an online persona that blossomed over the semester. The use of emotions in AIM helped us create bantering communication, which contributed to a less stressful learning environment. 

At then end of the six-week course, I was tired, but I was equally tired at the end of the live six-week course last summer. I don’t think the online environment made my life easier, but it made it more fun. The students appreciated the flexibility, and they liked not having to drive to downtown Hartford for classes. Although many of my students would have preferred a live class, they performed well in this online class. I did not attempt to statistically compare their performance with my past live classes, but the exam distributions appear similar to past classes. I was happy with the overall class performance. 

One student concluded, “Just reading the material without having anyone explain it to you makes it more difficult to understand at first (at least for me). I waffled between wanting online and in person teaching … . Ultimately I chose online because this way we can do it at our own pace and we always have the ability to go back to where we might not have understood and do it over.” 

Thus, flexibility appears to outweigh what to the student appears to be an easier way to learn.  (pp. 13-15)
From "Genesis of an Online Course" by Amy Dunbar (see below)


Online you get to know your students' minds, not just their faces.
Harasim, L., Hiltz, S.R., Teles, L., and Turoff, M. (1995). Learning Networks: A Field Guide to Teaching and Learning Online. Cambridge, MA: MIT Press. 
As quoted at http://www.vpaa.uillinois.edu/tid/report/tid_report.html 


LARSON: You can't get further from MIT than Singapore. Singapore from here is this way [points straight down]. We use Internet2 for connectivity. There's no statistical difference in performance between distance learners and classroom learners. And when there is a difference, it favors the distance learners
"Lessons e-Learned Q&A with Richard Larson from MIT," Technology Review, July 31, 2001 --- http://www.techreview.com/web/leo/leo073101.asp

Miscellaneous Quotations

If at first you don't succeed,
Try doing it the way your wife told you
.
Author unknown

Never get so busy making a living
That you forget to make a life

Author unknown

Now that we're sufficiently agitated and confused
Your work is here is done.

Comment by one of Bob Jensen's students on a course evaluation form



No longer do you have to install Guru (now called Atomica) to look up a word instantly on your browser screen.  I used to look up words with Guru's free online dictionary, but the required (Alt click) key stroke would override some of the functionality of other software such as Photoshop that uses the same key stroke combination.  I had to uninstall Guru for that reason.

The free dictionary from Merriam-Webster is quick and easy to install and use.  And there are no dedicated keystroke overrides.  The free button link to the dictionary also provides audio pronunciation of English words

Actually this is somewhat more than a dictionary. Key features include:

1. Select a word and get complete definitions with the click of a mouse.
2. Click on the audio button to hear the word pronounced.
3. Find the "Top 10" Websites associated with the selected word.

Looking up Words on the Web Just Got Easier and Better --- http://www.m-w.com/promos/button/button.htm 

Home Collegiate Dictionary Collegiate Thesaurus Word of the Day Word Games Word for the Wise Books and CDs Network Options The Lighter Side Language Info Zone Inkwell to Internet Customer Service Site Map with the Merriam-Webster Dictionary Lookup Button! Add this helpful new tool to your browser's toolbar, then just highlight a word in a Web page and click the button.

It's free -- and easy to install. Just follow the instructions to add the Dictionary Lookup Button to your Internet Explorer or Netscape Communicator toolbar. (Macintosh users, see our Mac FAQ.)

Warning:  
The Dictionary Lookup Button may not operate properly when used with Web pages that include frames or other dynamic features.

Some installation pointers from Bob Jensen

To look up a word while you are in Internet Explorer, you should do as follows:


Design Thrill of the Week
HistoryWired - three million of the Smithsonian's "favorite things." --- http://historywired.si.edu/ 
Note:  This is a very flashy Website.  Take a look just for the design thrill.


My Hero of the Week --- Amy Dunbar from The University of Connecticut
http://www.sba.uconn.edu/users/ADunbar/Dunbaru.htm 

I first heard of Amy Dunbar from one of her former students when Amy was teaching tax at The University of Texas at San Antonio.  The comment was something to the effect that "She's more awesome than I can imagine for any teacher.  If only her courses weren't  so tough."

Amy later moved to The University of Iowa and then, after her husband completed his doctorate, she (they) moved on to The University of Connecticut.  In the course of her career, Amy received her B.A. from Macalester College, went through "basic training" as an IRS agent, and then completed her doctorate in tax accounting and tax research at The University of Texas.  

Professor Dunbar joined the accounting faculty at the University of Connecticut in 1999. She was a faculty member at the University of Texas at San Antonio from 1989 to 1993, and at the University of Iowa from 1993 to 1998. While at the University of Texas at San Antonio, she received the Chancellor's Council Outstanding Teaching Award, a College of Business teaching award, and several research awards, including the Ernst & Young Tax Literature Award. While at the University of Iowa, she received a University of Iowa Collegiate Teaching Award (one of 15 given university-wide) as well as two Department of Accounting teaching awards. Professor Dunbar has published in the Journal of the American Taxation Association, the National Tax Journal, the Journal of Public Economics, and several legal journals. Her research deals with tax policy issues, including a recent publication on who would bear the burden of the proposed flat tax. She is a member of Board of Trustees for the American Taxation Association and has been active in both the Texas and Iowa Society of CPAs.

What fascinates me most about Amy is her courage.  It took special courage to plunge into new technologies and pedagogy in courses where she received exceptional awards using more traditional methods in traditional classrooms. Amy has always experimented with newer technologies inside and outside the classroom.  She's a real pro at tax accounting and tax research, but in terms of information technologies she's a dogmatic bootstrapper and plunges in where angels fear to tread.  

I think all educators should read at least the first 15 pages of "Genesis of an Online Course," by Amy Dunbar, August 1, 2001 at www.sba.uconn.edu/users/adunbar/genesis_of_an_online_course.pdf 

This paper presents a descriptive and evaluative analysis of the transformation of a graduate tax accounting course to an online course that was taught in a compressed six-week format beginning May 21, 2001. Fifty-seven students in two sections completed the course using WebCT, classroom environment software that facilitates the creation of web-based educational environments. The paper provides a description of the technology tools required and the first-day activities, which introduced the students to the online environment. The students used a combination of asynchronous and synchronous learning methods that allowed them to complete the coursework on a self-determined schedule, subject to bi-weekly quiz constraints. I used Dreamweaver to create content pages, which had links to Excel problems, Flash examples, audio files, and self-tests. Students worked the quizzes and then met in their four- to six-person groups in a chat room to resolve differences in answers. When students wanted my help, they sent me an instant message, using AOL Instant Messenger. At the end of the semester, I surveyed the class about the learning environment. Overall, the students were satisfied with the learning methods. Working the quizzes in the chat room was the method used most; 84 percent used a combination of these two tools “a lot.” The percentages for “a lot” were as follows for the remaining tools: self-tests (67%), Excel files (60%), AIM (58%), Flash files (44%), sound files (33%), discussion board (24%). Students were satisfied with the number of the quizzes and projects, but they wanted more self-tests (65%), with some requests for more of the other learning methods (Excel, Flash, and audio). The group process worked well in this class. Student comments on their groups and the class are provided in exhibits. In addition to having problems accessing technology, students found discovery-based learning challenging. The problem was not, however, my accessibility to them. On the university-level survey, the students rated my accessibility as 9.8 out of 10, which I attribute to the use of an instant messenger program. Based on the student comments, those who preferred the online environment appreciated the flexibility. We envision that our entire master’s of accounting program will go online because our students work full-time. Given the choice of live instruction versus flexibility, we think the students will choose flexibility. Although only 56 percent of my students would choose to take this class online if they had a choice between online and live, I think that number will increase as time goes by.

So what are Amy's highly controversial conclusions from her first online course?   Go to Page 13 in "Genesis of an Online Course," by Amy Dunbar, August 1, 2001 at www.sba.uconn.edu/users/adunbar/genesis_of_an_online_course.pdf 

Reply from Bob Jensen on August 4, 2001

First let me say that I have declared Amy Dunbar to be my "Hero of the Week" in the forthcoming August 10 Edition of New Bookmarks. In that edition, I pay tribute to her courage. She has a string of exceptional teaching awards from three universities, and it takes special courage to plunge into new technologies and pedagogy in courses where she received exceptional awards using more traditional methods in traditional classrooms.

Rather than discuss her online course in this message, I would instead prefer to focus only on her phrase that reads as follows" 

****************************************************************** 
This class was more of a nuts and bolts class than a theory class. I think a more theoretical, discussion oriented class would be handled differently. But for those taking technical detail classes online, you might find my paper helpful. 
******************************************************************

It is not clear what she means by "handled differently." It is extremely important to delve into this issue, because most faculty worth a grain of salt attempt to bring theory into courses at any level. I assume that Amy is referring here to a course that is predominantly theory for students that have mastered "nuts and bolts."

It is not clear, at least to me, why a predominantly theory course cannot be handled better online than in a traditional classroom. Student interaction in classrooms is terrific when there are pat answers that informed students can "recite" for the benefit of shall we say "lesser-informed" students. This helps to motivate all students to become better informed about "nuts and bolts." There is also a tremendous motivation factor called "classroom silence." Students squirm during embarrassing moments of total silence, especially when they are the ones who are called upon to fill the silence. (Barry Rice flashes their names and pictures randomly on the screen while awaiting their answers.) One of the most effective first-year seminar instructors at Trinity University occasionally never interjected a single word for the entire class period. That forced students to either suffer silence or prepare for filling silence.

But in a theory course, students cannot recite answers quickly and spontaneously without more study and reflection before speaking out on each question posed. Neither the theory students nor their theory instructor can provide answers instantaneously without time to reflect, seek out passages in books, search the Web, build a model, etc. Students who are forced to speak out when they are unprepared may be wasting everybody's time. For this reason, asynchronous messaging is more important at the theory level. It gives students more opportunity to think out their ideas and become better prepared before speaking out.

Newer technologies allow online courses to be even more collaborative than onsite courses. For example, Sharon Lightner teaches international accounting synchronously online where international standard setters and practioners have a virtual presence with her online students. See http://www.trinity.edu/rjensen/255light.htm  It is much more complicated to bring experts into every class and to be available when an interesting issue spontaneously arises.

One of the things that I am growing less fond of are face-to-face meetings of professors and experts where we are "forced to" contemplate complex issues and make innovative comments in a prescribed interval of time such as 50 minutes or 120 minutes. Participants who cannot think of something worthwhile to say at the round tables might have something truly interesting and innovative to pass along given some time (say a week or a month) to ponder the issues at hand. But in the time constraints of a face-to-face session, they just do not offer much to the conversation --- conversation that boils down to mostly a waste of time after several such sessions in a day. Given longer periods online, participants will more likely make better contributions to the online community.

These are just a few thoughts on what is a very controversial issue in distance education. My take on this is that it might be better to teach theory online rather than nuts and bolts. But I am delighted that Amy reports such great success teaching nuts and bolts online. I should point out, however, that her students were graduate students in corporate tax who most likely were more mature than undergraduates still trying to put academics in context vis-à-vis fraternity and sorority life. 

In any case, I say BRAVO Amy.

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 
Email:
rjensen@trinity.edu  
http://www.trinity.edu/rjensen 

Reply from Amy Dunbar [ADunbar@sba.uconn.edu]  on August 5, 2001

Hi Bob, 
Thank you so much for your kind note. I just got back from a weekend in NYC - ran the Manhattan half marathon.

When I said in my original posting that theoretical classes might be handled differently, I didn't mean to imply that they couldn't be taught online - only that they might use different tools than I used. For example, the discussion board would be used far more than I used it in my nuts and bolts class.

You really made my day! I'm looking forward to seeing you at the CPE session in Atlanta. I always learn so much from you.

Amy

 

Reply from J. S. Gangolly [gangolly@CSC.ALBANY.EDU] on August 8

Bob, let me play the devil's advocate here.

Karl Otto Apel, a German philosopher, once said that sciences could be divided according to their objectives : to explain, know, and understand.

I would go further and say every discipline has these three objectives.

In case of a nuts-and-bolts course, the objective is essentially to get to "know" the rules of the game. That objective can be achieved, in my opinion, completely on-line, or even by oneself given a certain level of intellectual maturity. If it is offered in class mode, the reasons can be efficiency (proficiency is attained in minimal time, minimal cost, minimal disruption, need for some amount of hand-holding, intellectual maturity shortfalls, outsourcing opportunities, etc.).

On the other hand, in case of a theory-oriented course, the objectives are to "explain" and "understand". These objectives can be met in on-line courses either by synchronous learning or through asynchronous learning using (listservs, bulletin boards, etc.). However, some amount of face-to-face mentoring, in my opinion, can be very beneficial.

The issues are very important to me, since we have received many requests (from firms, alumni, as well as random requests world-wide) to offer our AIS program in distance mode. I have shied away till now mainly because each of our six courses in AIS (graduate program) are theoretically-oriented in a computational sense while at the same time having substantial "nuts-and-bolts" content.

Now I am thinking of recommending offering the program in mixed-mode with 2-5 days of "boot camp" in-house, followed by bulk of the semester in distance mode, followed by a 1-2 days of in-house evaluation and testing. I still have to work out the details and the mechanics of the program, and would very much be interested in responses on this thread.

In most discussions I have come across, in-class and distance education are regarded as orthogonal delivery mechanisms. It may be time to examine the middle ground. I think this is specially appropriate in graduate information systems education with a computational flavour.

I must say, I enjoyed Amy's paper in spite of the fact that I gave up on WebCT a year ago -- it was too cumbersome for my graduate courses and I was a lot more efficient delivering the materials using e-mail, newsgroup, and some scripts to take care of online homework submissions, grading, etc. May be I should take another look at WebCT, which the pencil pushers at Albany have been prodding us faculty into submission.

Jagdish -- Jagdish S. Gangolly, Associate Professor ( j.gangolly@albany.edu ) State University of New York at Albany, Albany, NY 12222. Phone: (518) 442-4949 Fax: (707) 897-0601 URL: http://www.albany.edu/acc/gangolly 

For a 1996 message (ancient history in Web years) that I'm certain Amy Dunbar has long forgotten, go to http://www.trinity.edu/rjensen/ideasmes.htm#Dunbar 
(Which proves that she was one of my heroes in olden times as well as today.)


In a Way, It's a Sad Day

Hi Barry and All Accounting Educators,

If accounting education is losing one its the top ten lecturers in a face-to-face classroom, then I am saddened by your announcement Barry. Many people mistakenly think that I applaud the demise of the lecture method. I applaud the demise of most lectures, but you, Barry, have a lecture style that I applaud for young students, especially those squirming fledglings in nuts and bolt courses like the first two courses in accounting. Barry Rice has no-nonsense style in which students are called on the carpet to provide answers in front of a large class. This not only motivates the students to do their homework in advance, it gives them skills in speaking and thinking out loud. Barry Rice has a lecture style and talent for turning young students on to majoring in accounting.

(Any accounting professors interested in watching Barry on video should ask their supervisors if the Accounting Department received one of the free Toolkit CDs distributed widely by the American Accounting Association --- http://accounting.rutgers.edu/raw/aaa/aen/summer01/item09.htm  )

Perhaps learning will be improved with online technologies for over 90% of the students in all courses in accountancy and tax, but for that 10% of very young students and/or very naive students looking for nuts, bolts, confidence, and career ideas, losing Barry Rice in the lecture hall is a severe blow to Loyola College and accounting education in general.

Having said this Barry, I still wish you the best of luck. You will excel and make us very proud in whatever you undertake. It will be great to have you giving us daily postings about what is new and exciting in educational technologies.

Bob Jensen

-----Original Message----- 
From: Barry Rice [mailto:brice@LOYOLA.EDU]  
Sent: Monday, August 06, 2001 10:10 PM 
To: AECM@LISTSERV.LOYOLA.EDU Subject: Re: WebCT vs Blackboard

Should I admit on this list that I have gone over to "the dark side" as some of my faculty colleagues have said, and risk losing the respect of accounting faculty around the world? As of June 1, I am now Loyola's Director of Instructional Services in addition to continuing as an accounting faculty member. The Instructional Services staff has responsibility for Blackboard, certain Web initiatives, technology training, the campus multimedia lab and distance learning classrooms. Other universities often call the group that does much of what we do the Teaching and Learning (with Technology) Center. Eventually, I'll change the name of our group to something comparable. I thought I was going to "get paid for playing with the toys". Fat chance! I have a hot new Dell PC at home, a new Palm M505 PDA and a bunch of other new hardware and software and no time to even test them out. Why? We're upgrading to Blackboard 5 and most of my time has been spent making sure the system is going to be ready to use well before the start of the fall semester. (Did you realize that even is less than a month away for most of us?!) So, this thread with its discussion of not only the two major course management systems but also with heavy references to Datatel sort of makes me think you have been looking over my shoulder for the past few weeks. However, I'll limit my comments below to responding to Amy's post.

Barry Rice www.barryrice.com        www.AccountingIsCool.com 

>>> adunbar@SBA.UCONN.EDU Monday, August 06, 2001 9:30:09 AM >>> >I thought that although Blackboard was easier to use, it doesn't have the >range of tools that WebCT offers. For example, at UConn we use the common >portal feature of WebCT. All students are automatically added to the WebCT >database, and they see all their classes that use WebCT on their personal >webpage when they logon. If they have email, new posting, etc, that page >will show which class they should check. Works great for an instructor with >multiple classes to have one common web page. UConn uses the page for >university-level announcements. In addition, instructors can automatically >populate their classes using the course numbers. Really a great feature.

Blackboard 5 is also a portal product with the possibility of automatically setting up "courses" for every course section for a semester as well as automatically populating the courses with student names, IDs, etc. That's precisely what we are doing this week at Loyola. Faculty members need only turn on the features/tools they want to use and populate the course with content. This is our first attempt at this approach and I am confident that it is going to result in 40-50% of our faculty using Blackboard in some way for the fall. As part of its attempt to be a full-fledged portal, Blackboard 5 also provides a way for clubs and organizations to easily have a secure Web presence.

Like Bob Jensen, I have kept my courses on a dedicated server and have used Blackboard very little up to now. But, as the missionary who was hired to help get Loyola faculty into the 21st century, I'll now be using Blackboard to put up the materials for all my courses.

Barry Rice
Loyola College in Maryland


Important Article of the Week (thank you Jim Borden for the link)

"A Teaching Revolution:  Filreis harnesses the Internet to free class time for discussion," by James O'Neill, Philadelphia Inquirer, August 5, 2001 --- http://inq.philly.com/content/inquirer/2001/08/05/inqmag/features/05FILREIS.htm 

Penn's Al Filreis uses the Internet as his blackboard and classroom. 

Had you been enrolled in a typical course at a typical college this past semester, you might have prepared for each class by - well, by showing up.

You'd slide into your seat, pull out a pen, open your notebook, and sit back. Waiting.

Waiting, passively, for the lecture to begin.

Had you been enrolled in English 88, a modern poetry survey course at the University of Pennsylvania, showing up for class would have been the last thing you did.

First, you would get to a computer. Days in advance. In the library. In your dorm room. Perhaps at 2 a.m. - whenever your college-aged mind was alert and inspired.

You'd log on to the course Web site, www.english.upenn.edu/~afilreis/88v/ 

You'd click your way to information on the forthcoming class. When preparing for the session on William Carlos Williams' role in the modern poetry movement, you would have had the opportunity, through the Web site, to do the following:

• Watch a video clip of Williams' commentary on his poem "This Is Just to Say."

• Read Flossie Williams' "Reply" to her husband's poem.

• See a 1936 photo of Williams lounging in a chair.

• Read Williams' poem "The Rose Is Obsolete."

• Laugh at a Saul Steinberg cartoon from the New Yorker, spoofing overuse of the rose as a poetic metaphor for love.

• Watch a video of Penn English professor Alan Filreis - who teaches English 88 - giving a mini-lecture on poet Gertrude Stein's writing.

By this time, you would have a firm grasp of the traits that distinguish modernist poets and Williams in particular.

But you still wouldn't be ready for class.

Next, you'd hit the e-mail, scrolling through messages sent by some of English 88's three dozen classmates, via an e-mail distribution list, or listserv. You'd scan their youthful, bubbling reactions to modernist poetry and to Williams.

You might respond.

You might check back later, say at 7 the next morning. Seeing that one classmate's comments had sparked a raging online debate, you might dive back into the verbal fray.

Only then would you be ready for class. By this time, after the marathon preparation, after utter immersion in that day's course material, after sharing your thoughts and getting feedback from peers, you would hardly want to sit back in one of the battered old chairs arranged for class and wait for Filreis to lecture you.

You'd want to - well, you'd want to engage.

For a few years now, the higher-education world has been abuzz over the proliferation of courses offered entirely over the Internet, as experts predict the change this electronic form of distance learning will bring to the academic world.

But at the same time, a little-noticed, far quieter technology-driven revolution is taking shape on college campuses. And it could drastically alter the way college students learn in traditional college classrooms.

Scattered here and there across the country, quiet innovators like Al Filreis are harnessing the power of Web sites, listservs and other computer-based innovations to change their teaching style and let students play a more active role in their own education. Some, like Filreis, have completely banned the lecture from the classroom, freeing cherished class time for an interactive exploration of course material.

Spurring Filreis to change is a sense of the incredible physical and financial costs that schools and parents incur to bring professor and student together for face-to-face contact. "It's so expensive that we'd better damn well do some good stuff in the classroom," Filreis said. What's the point of having students sit passively while a professor lectures? That's just a transfer of information, Filreis argues. Real learning occurs in the discussions that faculty can ignite and then subtly steer during class time.

Many aspects of this "new" teaching style have been in use for years. But technology has increased their power and broadened their reach.

Discussion-style courses, for example, are decades old. But today's campus innovators are using technology to let far larger classes experience the kind of interactive learning that had once taken place only in tiny seminars.

Chatty, engaged students are nothing new. But e-mail listservs have allowed students who might be shy in the classroom to participate in peer discussions of course material. "Students who think deeply but slowly can participate more freely this way," said Christopher Dede, who codirects the Technology in Education program at Harvard's Graduate School of Education.

Videos, audio tapes, and other multimedia enhancements have also been available to students for years. But they used to be stored in the library or a lab, and it took extra effort for an interested student to seek them out. Today, through the Internet-based course Web sites that professors like Filreis have designed, students have instant access to a plethora of resources - anytime, anywhere. This is, after all, a generation of people for whom the first action after unlocking the dorm room door or turning off the alarm clock is to log on to their personal computers. And, Filreis points out, "Students have a different clock. They start to be creative at 9 p.m."

Practitioners of this new pedagogy are transforming students from passive to active learners and altering the power structure of the traditional lecture-dominated classroom. That shift in power - away from the professor and toward the student - is also a reason many professors remain reluctant to embrace the nascent revolution. As Dave Maswick, associate dean of information services at Bard College, says, "When a scholar uses technology in the classroom and he's not comfortable with it, he is suddenly perceived as less than an expert by the students. He's no longer the all-knowing scholar."

But as the typewriter generation of academics retires, some educators insist these technology-driven innovations in pedagogy will rival the printed book's unveiling on Europe's university campuses in the mid-1400s. Doug Davis, an Internet-savvy professor of psychology at Haverford College, says, "We'll look back on this moment as the beginning of the end of the traditional 19th-century liberal arts education."

What made Al Filreis - the product of placid, conformist, suburban 1960s New Jersey - a revolutionary?

Three key aspects of his personality drive his experimental approach to teaching: an agile, nonconformist mind; an attraction to gadgetry; and a fascination with experimental poetry.

The interest in gadgets came from Alan's father, Sam, an engineer. Sam Filreis loved projects, and a crawl space in the family home in Springfield, N.J., is still filled with remnants. Young Alan often secreted himself in the crawl space to play with the bits of tools and machinery stashed there.

Alan's seventh-grade English teacher serendipitously fused Alan's creativity and interest in machinery. "We learned how to produce a 'video' - which in those days was unusual," Filreis recalls. "We wrote, edited, produced, directed, and did the camera work and acting for our own productions. It was very exciting, and it was tech and literature in its earliest form."

His romance with experimental poetry began when he was a college sophomore, at Colgate University, a small liberal arts school near Syracuse, N.Y. The first milestone was his discovery of Walt Whitman, a rebel against flowery poetic language and the traditional rules of form.

"I was turned on by him," Filreis said. "He was freely expressing his feelings. His long lines seemed antipoetical. He didn't mind yawping. It was an awakening for me. Here I was, a suburban baby boomer, still confined by curriculum. Here was someone who violated the rules of poetry. Whitman got me to realize that you can rewrite the rules of expression."

Besides finding Whitman, Filreis came under the wing of Carl Peterson, a "wonderful, acerbic, somewhat misanthropic" poet who was dating Filreis' favorite Colgate professor. "Carl would talk with me about poetry in ways that my official teachers did not," Filreis said. "I used to go to his apartment and sit in the living room, often drinking wine, discussing Whitman and other poets." Most important about the experience, Filreis said, was his epiphany that "the learning space was not in the curriculum, was not on campus, and was not the place where my regular teachers were."

In the early 1980s, while pursuing his doctorate in English at the University of Virginia, Filreis began to teach. At the time, the university purchased early-version desktop computers. "They were big white machines, in the shape of a huge space helmet," Filreis said. "They ran a word processor program called Magic Wand."

Filreis stored set pieces on computer, each describing a common student writing mistake. He gave each set piece a number. Then, marking student papers by hand, he put a number in the margin near each mistake, and attached the appropriate computer-generated commentary.

"This changed my relationship with the students," Filreis said. "I wanted to engage the students in a conversation." In effect, he had created a low-tech prototype of the teaching style he would later refine. He calls it "dialogic pedagogy."

When e-mail and the Internet appeared, Filreis, who arrived at Penn in 1985, easily integrated these new tools.

For the rest of the article, go to http://inq.philly.com/content/inquirer/2001/08/05/inqmag/features/05FILREIS.htm 

The course link is as follows:
English 88 Modern & Contemporary American Poetry --- http://www.english.upenn.edu/~afilreis/88v/ 


Important (Free) Book of the Week

The Changing Faces of Virtual Education --- http://www.col.org/virtualed/ 
Dr. Glen Farrell, Study Team Leader and Editor
The Commonwealth of Learning

RELEASED IN JULY 2001 by The Commonwealth of Learning (COL): The Changing Faces of Virtual Education, a study on the latest “macro developments” in virtual education. This is a follow-up on COL’s landmark study on current trends in “virtual” delivery of higher education (The Development of Virtual Education: A global perspective, 1999). Both reports were funded by the British Department for International Development and are available on this web site.

One of the conclusions of the authors of the 1999 report was that the development of virtual education was “more rhetorical than real!” Dr. Glen Farrell, study team leader and editor of both reports, says “This follow-up study concludes that, two years later, virtual education development is a lot more rhetorical, and a lot more real!”

In terms of the rhetoric, virtual education is now part of the planning agenda of most organisations concerned with education and training. And the terminology being used to describe the activities is even more imprecise and confusing! On the reality side, there are many more examples of the use of virtual education in ways that add value to existing, more traditional delivery models. However, a remarkable feature of this surging interest in virtual education is that it remains largely focussed on ways to use technology to deliver the traditional educational products (i.e., programmes and courses) in ways that make them more accessible, flexible, and cheaper and that can generate revenues for the institution.

As global discussions on closing the “digital divide” have observed, it is not surprising that the report notes that a major feature of the current state of virtual education development is that it depends on where you live. The growth is largely occurring in countries with mature economies and established information and communication infrastructure (ICTs). A lack of such infrastructure, together with the lack of development capital, means that the developing countries of the world have not been able to, as yet, use virtual education models in their efforts to bring mass education opportunities to their citizens.

However, the report demonstrates that there are several trends emerging that are likely to bring about radical changes to the way we think about the concepts of campus, curriculum, courses, teaching/learning processes, credentials/awards and the way ICTs can be utilised to enable and support learning. These trends, called “macro developments” in the report, include new venues for learning, the use of “learning objects” to define and store content, new organisational models, online learner support services, quality assurance models for virtual education and the continuing evolution of ICTs. Each of these “macro developments” is defined and described in separate chapters of the report. The final chapter looks at their impact on the development of virtual education models in the future. While the conclusions will be of general interest, particular attention has been paid to the role these developments are likely to have in the evolution of virtual education systems in developing countries.

The entire study is available on-line from this page. By clicking on the various hyperlinks below you will be able to download and open the individual chapters or the entire book in Acrobat (.PDF) format. (The chapter files are not created with internal bookmark hyperlinks, but the all-in-one file has bookmarks throughout for easier navigation.) Acrobat documents can also be resized on screen for readability but are usually best viewed when printed. Adobe Acrobat version 3.0 is required to download and read the files. With version 4.0 each Chapter's actual page numbering is retained in Acrobat's "Go To Page" facility and "Print Range" selections.

The Changing Faces of Virtual Education

CHAPTER FILES TO VIEW OR DOWNLOAD IN PDF FORMAT    

Preliminary pages: title page, copyright page, contents   (pg. i-iv) 160kb

Foreword, Prof. Gajaraj Dhanarajan and Acknowledgements   (pg. v-viii) 120kb  

Chapter 1:     Introduction, Dr. Glen M. Farrell   (pg. 1-10) 234kb  

Chapter 2:    The Changing Venues for Learning, Mr. Vis Naidoo   (pg. 11-28) 307kb

Chapter 3:    The Continuing Evolution of ICT Capacity: The Implications for Education, 
                      Dr. Tony Bates   (pg. 29-46) 335kb

Chapter 4:    Object Lessons for the Web: Implications for Instructional Development, 
                      Mr. David Porter   (pg. 47-70) 639kb

Chapter 5:    The Provision of Learner Support Services Online, Dr. Yoni Ryan   (pg. 71-94) 389kb

Chapter 6:    The Development of New Organisational Arrangements in Virtual Learning, 
                      Dr. Peter J. Dirr    (pg. 95-124) 448kb

Chapter 7:    Quality Assurance, Ms. Andrea Hope    (pg. 125-140) 304kb

Chapter 8:    Issues and Choices, Dr. Glen Farrell    (pg. 141-152) 247kb

Comments by Bob Jensen
All of the chapters of this book are informative and well written.  I especially liked Chapter 5 by Yoni Ryan.  In Chapter 5, Dr. Ryan discusses the pedagogical theory of learner-centeredness and the trend of "commodification" in education that brought with it other services such as career counseling, preparatory courses, and something akin to "customer service" as part of an entire package of services to students.  Some of the things mentioned include the following:

There is much more in Chapter 5 than can be summarized here.  For example, what did Open University do to help reduce the frequency of dropping out of online courses?  What are some of the things happening in India for learner support?

Note especially that Andrea Hope's Chapter 7 deals with assessment issues.  She mentions three sites that attempt to weed out suspicious degree programs.

degree.net --- http://www.degree.net/  

100 great distance-learning schools:
- fully-accredited
- degree-granting
- and Bear-approved.

Take a look at:
all 100 schools

or just the schools offering:
Bachelor's
Master's
Doctorates

AboutEducation at http://www.about.com/education/ 

Adult/Continuing Education
Adult/Continuing Education
Distance Learning
Votech Education

 

College/University
Business Majors
College Admissions: U.S.
College Life
Graduate School
International Education
Job Searching: College Grads

 

 

Education Partners
Contentville

 

Primary/Secondary Education
Creative Writing for Teens
Daycare/Preschool
Elementary Educators
Family Crafts
Homeschooling
Private Schools
Secondary School Educators
Special Education
Teachers: Canada

 

 


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WorldwideLearn --- http://www.worldwidelearn.com/ 

At this site you'll find hundreds of online courses and learning resources in 46 subject areas offered by educational institutions, companies and individuals from all over the world.

Online Training Long Distance Learning Distance Education eLearning Web-based Training Whatever you call it - learning online is about you and how you can pursue learning and education at your convenience. Its learning when you want and where you want.

What do you want to learn? Do you want to:

Get a degree online train for a new career learn web design find corporate training resources take professional development courses learn new software continue your education learn a new skill or hobby

Whatever your goals are, World Wide Learn is here to help you find the online courses, learning and education that you want.

Use this site as your first step towards continuing your education online.

Other training and education finders are listed at http://www.trinity.edu/rjensen/crossborder.htm

Bob Jensen's threads on quality and assessment are at http://www.trinity.edu/rjensen/assess.htm 


Some earlier partnerings that I failed to mention in my threads at http://www.trinity.edu/rjensen/crossborder.htm 

Oxford, Princeton, Stanford, Yale Invest $12 million in Distance Learning Venture --- http://www.stanford.edu/dept/news/pr/00/alliance104.html 

The Alliance will offer non-credit courses to the alumni, taking advantage of emerging technologies to give the graduates convenient access to their schools' extraordinary resources.

The four universities recognize the potential appeal of the Alliance's educational opportunities to other audiences seeking ongoing personal enrichment, and they plan in the future to make their offerings available to a wider public.

The Alliance will provide on-line courses and interactive seminars; multi-media programs; topical Web sites that include links to research information; live and taped coverage of campus speakers, exhibitions, and other events; lectures on tape; and other offerings.

The member universities and their faculties will control the content of the courses and other educational products offered, ensuring that they meet the highest standards.

"The Alliance among four of the world's greatest universities has an inspiring mission," Allison said. "It will provide the schools' alumni around the world with ongoing access to the best in higher education, enriching their lives and helping them make the fullest contribution to their communities. I am honored to be leading this exciting and promising venture."

Today's announcement comes at a time when the accelerating advance of knowledge is increasing the need for people all over the world to have access to life-long learning. The spread of democracy and of market-based economies is expanding the number of people who want and would benefit from access to the finest teaching and information resources.
September 28, 2000

Cambridge University partners with MIT in a Bridge of Minds to both foster student exchanges, spin-offs from research, and to possibly become an online university --- http://web.mit.edu/newsoffice/tt/1999/nov10/cambridge.html 

The integrated research program will focus on how technology improves productivity, how technology-based enterprises grow out of academia, and how technology enterprises develop into world-class organizations. The new Institute will also link research programs in fields that are likely to have great impact on the evolution of future technology.
November 10, 1999

Since 1996, the University of British Columbia, in partnership with Monterrey Tech in Mexico, has been delivering online graduate programs --- http://itesm.cstudies.ubc.ca/ 

I did mention previously that Monterrey Tech has one of the most extensive distance education programs in the world from a virtual university that delivers courses and degrees to 14 nations --- See http://www.ruv.itesm.mx/  


Revenue and Accreditation Hurdles Facing Corporate Universities

One thing that just does not seem to work is a university commenced by a major publishing house.  McGraw-Hill World University was virtually stillborn at the date of birth as a degree-granting institution.  It evolved into McGraw-Hill Online Learning ( http://www.mhonlinelearning.com/  ) that does offer some interactive training materials, but the original concept of an online university ( having distance education courses for college credit) is dead and buried.  Powerful companies like Microsoft Corporation started up and then abandoned going it alone in establishing new online universities.

The last venturesome publishing company to start a university and fight to get it accredited is now giving up on the idea of having its own virtual university --- http://www.harcourthighered.com/index.html 
Harcourt Higher Education University was purchased by a huge publishing conglomerate called Thompson Learning See http://www.thomsonlearning.com/harcourt/ .  Thomson had high hopes, but soon faced the reality that it is probably impossible to compete with established universities in training and education markets.

The Thomson Corporation has announced that it will not continue to operate Harcourt Higher Education: An Online College as an independent degree-granting institution. Harcourt Higher Education will close on August 27, 2001. The closing is the result of a change of ownership, which occurred on July 13, 2001, when the Thomson Corporation purchased the online college from Harcourt General, Inc.

From Syllabus e-News on August 7, 2001

Online College to Close Doors

Harcourt Higher Education, which launched an online for-profit college in Massachusetts last year, is closing the school's virtual doors Sept. 28. Remaining students will have their credentials reviewed by the U.S. Open University, the American affiliate of the Open University in England.

We can only speculate as to the complex reasons why publishing companies start up degree-granting virtual universities and subsequently abandon efforts provide credit courses and degrees online.  

Enormous Revenue Shortfall (Forecast of 20,000 students in the first year;  Reality turned up 20 students)

"E-COLLEGES FLUNK OUT," By: Elisabeth Goodridge, Information Week, August 6, 2001, Page 10 

College students appear to prefer classroom instruction over online offerings.

Print and online media company Thomson Corp. said last week it plans to close its recently acquired, for-profit online university, Harcourt Higher Education.  Harcourt opened with much fanfare a year ago, projecting 20,000 enrollees within five years, but only 20 to 30 students have been attending.

Facing problems from accreditation to funding, online universities have been struggling mightily--in stark contrast to the success of the overall E-learning market.  A possible solution?  E-learning expert Elliott Masie predicts "more and more creative partnerships between traditional universities and online ones."

Roosters Guarding the Hen House
Publishing houses failed to gain accreditations.  I suspect that major reason is that the AACSB and other accrediting bodies have made it virtually impossible for corporations to obtain accreditation for startup learning corporations that are not partnered with established colleges and universities.  In the U.S., a handful of corporations have received regional accreditation (e.g., The University of Phoenix and Jones International Corporation), but these were established and had a history of granting degrees prior to seeking accreditation.  In business higher education, business corporations face a nearly impossible hurdle of achieving business school accreditation ( see http://businessmajors.about.com/library/weekly/aa050499.htm ) since respected accrediting bodies are totally controlled by the present educational institutions (usually established business school deans who behave like roosters guarding the hen house).  Special accrediting bodies for online programs have sprung up, but these have not achieved sufficient prestige vis-à-vis established accrediting bodies.  

Note the links to accreditation issues at http://www.degree.net/guides/accreditation.html )
Where GAAP means Generally Accepted Accreditation Principles)

All About Accreditation: A brief overview of what you really need to know about accreditation, including GAAP (Generally Accepted Accrediting Practices). Yes, there really are fake accrediting agencies, and yes some disreputable schools do lie. This simple set of rules tells how to sort out truth from fiction. (The acronym is, of course, borrowed from the field of accounting. GAAP standards are the highest to which accountants can be held, and we feel that accreditation should be viewed as equally serious.)

GAAP-Approved Accrediting Agencies: A listing of all recognized accrediting agencies, national, regional, and professional, with links that will allow you to check out schools.

Agencies Not Recognized Under GAAP: A list of agencies that have been claimed as accreditors by a number of schools, some totally phony, some well-intentioned but not recognized.

FAQs: Some simple questions and answers about accreditation and, especially, unaccredited schools.

For more details on accreditation and assessment, see http://www.trinity.edu/rjensen/assess.htm

Question:
Is lack of accreditation the main reason why corporate universities such as McGraw-Hill World University, Harcourt Higher Education University, Microsoft University, and other corporations have failed in their attempts to compete with established universities? 

Bob Jensen's Answer:
Although the minimum accreditation ( necessary for transferring of credits to other colleges)  is a very important cause of failure  in the first few years of attempting to attract online students, it is not the main cause of failure.  Many (most) of the courses available online were training courses for which college credit transfer is not an issue.

  1. Why did the University of Wisconsin (U of W) swell with over 100,000 registered online students while Harcourt Higher Education University (HHWU) struggled to get 20 registered?

    Let me begin to answer my own question with two questions.  If you want to take an online training or education course from your house in Wisconsin's town of Appleton, would you prefer to pay more much more for the course from HHWU than a low-priced tuition for Wisconsin residents at the U of W.  If you were a resident of Algona, Iowa and the price was the same for the course whether you registered at HHWU or U of W, would you choose U of W?  My guess is that in both cases, students would choose U of W, because the University of Wisconsin has a long-term tradition for quality and is likely to be more easily recognized for quality on the students' transcripts.

  2. Why can the University of Wisconsin offer a much larger curriculum than corporate universities?

    The University of Wisconsin had a huge infrastructure for distance education long before the age of the Internet.  Televised distance education across the state has been in place for over 30 years.  Extension courses have been given around the entire State of Wisconsin for many decades.  The University of Wisconsin's information technology system is already in place at a cost of millions upon millions of dollars.  There are tremendous economies of scale for the University of Wisconsin to offer a huge online curriculum for training and education vis-à-vis a startup corporate university starting from virtually scratch.

  3. What target market feels more closely attached to the University of Wisconsin than some startup corporate university?

    The answer is obvious.  It's the enormous market comprised of alumni and families of alumni from every college and university in the University of Wisconsin system of state-supported schools.

  4. What if a famous business firm such as Microsoft Corporation or Accenture (formerly Andersen Consulting) elected to offer a prestigious combination of executive training and education to only upper-level management in major international corporations?  What are the problems in targeting to business executives?

    This target market is already carved out by alumni of elite schools such as Stanford, Harvard, Chicago, Carnegie-Mellon, Columbia, London School of Economics, Duke, University of Michigan, University of Texas, and the other universities repeatedly ranked among the top 50 business schools in the nation.  Business executives are more often than not snobs when it comes to universities in the peer set of "their" alma maters.  Logos of top universities are worth billions in the rising executive onsite and online training and education market.  UNext Corporation recognized this, and this is the reason why the its first major step in developing an online executive education program was to partner with five of the leading business schools in the world.

  5. Why does one corporate university, The University of Phoenix, prosper when others fail or limp along with costs exceeding revenues?  

    The University of Phoenix is the world's largest private university.  The reason for its success is largely due to a tradition of quality since 1976.  This does not mean that quality has always been high for every course over decades of operation, but each year this school seems to grow and offer better and better courses.  Since most of its revenues still come from onsite courses, it is not clear that the school would prosper if it became solely an online university.  The school is probably further along on the learning curve than most other schools in terms of adult learners.  It offers a large number of very dedicated and experienced full-time and part-time faculty.  It understands the importance of small classes and close communications between students and other students and instructors.  It seems to fill a niche that traditional colleges and universities have overlooked.

You can read more about these happenings at http://www.trinity.edu/rjensen/000aaa/0000start.htm 
Especially note the prestigious universities going online at http://www.trinity.edu/rjensen/crossborder.htm  


Hi Farzan
I provide many links to distance education search sites at http://www.trinity.edu/rjensen/crossborder.htm  
Among the many listed, I suggest that you first look at http://www.degree.net/schools.html 
Personally, I doubt that you are going to find any highly respected universities presently offering online 
doctoral programs in the biological sciences (where onsite labs are essential for research).
Note that eCollege is a heavily capitalized company that serves up quality courses from various major state universities.
For courses available online see http://www.ecollege.com/student/  
There are not many respected doctoral programs online, but eCollege led me to the Doctoral Program 
in Pharmacology at the University of Colorado Health Sciences Center.  
Bob
-----Original Message-----
From: Farzan Aminian [mailto:farzan@Engr.Trinity.Edu]
Sent: Tuesday, August 07, 2001 8:58 AM
To: rjensen@trinity.edu
Subject: A question
Do you know of any university that offers on line Ph.D. programs in
areas such s biology, physiology or genetics? In other words, internet
based Ph.D. programs in these areas?
Thanks,
Farzan

 


When the economy takes a downturn, people turn to the number crunchers to make things better. This translates into more and better jobs for those with a financial background. Enter the accountants. As business schools are decrying the decline in attendance in their accounting programs, the need for those who can generate and understand the numbers is growing. http://www.accountingweb.com/item/54040 


Monumental Scholarship
The Early History of Financial Economics 1478-1776
by Geoffrey Poitras (Simon Fraser University) --- http://www.sfu.ca/~poitras/photo_pa.htm 
(Edward Elgar,  Cheltenham, UK, 2000) --- http://www.e-elgar.co.uk/ 

1 Introduction 1
2 History of Commerce and Finance 22
3 The Scholastic Analysis of Usury and Other Subjects 74
4 The Evolution of Commercial Arithmetic 113
5 Simple Interest and Compound Interest 143
6 The Valuation of Life Annuities 187
7 Foreign Exchange and the Bill Market 228
8 The Analysis of Joint Stocks 267
9 Development of Derivative Securities 335
10 Manias, Manipulations and Institutional Failures 382
11 English Debates over Interest Rates and Public Credit 418
12 Maritime Insurance, Life Insurance and Other Subjects 449
13 Some Speculative Conclusions 481
Bibliographic Notes 495
References 501
Index 517

 

Some of the excellent review comments by Professor Bierman are quoted below from pp. 234-235 in
ACCOUNTING AND BUSINESS RESEARCH
Volume 31 Number 3 Summer 2001
A research quarterly published by
The Institute of Chartered Accountants in England & Wales

While Poitras states the study is of the period 1478-1776, pp.22-29 reviews earlier periods.  To begin his study of financial economics in 1478, Poitras implicitly equates financial economics with any commercial transaction.  Thus the book could have just as well been titled Commercial Transactions 1478-1776.  His definition of financial economics is excessively broad.  I would have preferred to have had financial economics equated with a subset of commercial transactions that were based on accepted financial theories (e.g. time value of money arithmetic).  The definition of financial economics being used allows Poitras to include (Chapter 2) 'History of Commerce and Finance', which describes money markets (bourses and exchanges) as well as types of securities and contacts used from the 12th to the 18th centuries.  Money-lending (Lombards and Jews being active participants) is discussed in an interesting manner, but little or no financial economics is introduced.

Life annuities are also discussed in Chapter 2 (p.54): 'In the late 17th and early 18th centuries, analytical solutions were proposed to the problem of valuing life annuities.'  But Poitras does not share those solutions with us in Chapter 2.  He then states that (p.55) 'oddly enough, until the 19th century, market practice usually involved selling life annuities without taking accurate consideration the age of the nominee.'  Obviously, the analytical solutions were flawed.

Chapter 3 discusses 'The Scholastic Analyses of Usury and Other Subjects'.  Since financial economics is based on competitive markets, a discussion of the evolution of usury issues is not that enlightening relative to financial economics.

Chapter 4 traces the evolution of commercial arithmetic and beginnings of accounting.  The chapter's Appendix shows a Table of future value calculations for 0.10 for years 1 through 30, published in 1613 by Richard Witt, and the present value of an annuity for different interest rates published in 1772.  Chapter 5 makes clear that compound interest calculations were well known by mathematicians by the early 17th century, and Chapter 6 describes their uses in valuing life annuities.

There is a switch in focus in Chapter 7 to foreign exchange and the bill market and in Chapter 8 to the analysis of joint stock companies (the predecessor of today's corporations).  Chapter 8 includes interesting insights on John Law (the Mississippi scheme), the South Sea Bubble, and the Bubble Act of 1720.  Poitras tries to relate the investment activities in 18th century joint stock companies to the portfolio theories of Harry Markowitz and William Sharp.

Chapter 9 deals with derivative securities.  Poitras shows that elements of the put-call parity was implemented by de la Vega (1688) and de Pinto (1771).

Chapter 10 is the most interesting chapter for me.  Were the Mississippi Scheme, the South Sea Bubble and the Dutch tulipmania of 1634-1637 examples of irrationality, or rather bubbles based on rationality and manipulation or institutional failure?  Poitras is even-handed in his evaluation.  Most experts on historical bubbles can increase their knowledge by reading this chapter.

Chapter 12 deals with maritime insurance, life insurance and other subjects (e.g. old age pension plans.)

Chapter 13 seeks to establish the origins of financial economics.   By the middle of the 18th century, 'sophisticated techniques for pursuing contingent claims such as life annuities had been developed and applied to the establishment of life insurance and pension funds' (p. 483).  This conflicts with the earlier observations of Chapters 2 and 4 (see above).

Poitras primarily uses secondary sources and he uses them well.  Anyone who intends to work on financial issues originating in the period 1478-1776 or wants to know the origin of the financial concepts being widely used today, would do well to start with this book and the sources used and cited by Poitras.

Harold Bierman, Jr.            
Cornell University


 

Important Journal Note --- A special thanks to David 
(I realize editing a major journal is almost as thankless as editing a minor journal.)

I want to especially thank David Stout, Editor of the May 2001 edition of Issues in Accounting Education.  There has been something special in all the editions edited by David, but the May edition is very special to me.  All the articles in that edition are helpful, but I want to call attention to three articles that I will use intently in my graduate Accounting Theory course.

There is a flurry of literature flying by us daily, and it is rare to find three articles in one journal that will become central to my theory course.  Thank you David for giving me those three articles in this AAA journal that now rejects over 90% of the submissions.  I am grateful that you did not reject the three articles mentioned above.


Pro2Net Is Re-launched as SmartPros.com --- http://accounting.smartpros.com/x30678.xml 

You can register for the email newsletter at http://secure.smartpros.com/standard/member/userlogon.asp?URL=newslettersubscription.asp 

After acquiring Pro2Net's assets in May, KeepSmart Inc., a leader in online and offline continuing education for professionals, re-launched the Pro2Net Web site under the name SmartPros. For members, the acquisition provides a significant advantage as it teams the resources and depth of Pro2Net with the experience and strength of KeepSmart.

Choose an area of interest:
Accounting | A & A | Financial Planning | HR | International | Legal | Management | Students | Tax | Technology

"Software Called Capable of Copying Any Human Voice," by Lisa Guernsey,  The New York Times, July 31, 2001 --- http://www.nytimes.com/2001/07/31/technology/31VOIC.html 

AT&T (news/quote) Labs will start selling speech software that it says is so good at reproducing the sounds, inflections and intonations of a human voice that it can recreate voices and even bring the voices of long-dead celebrities back to life. The software, which turns printed text into synthesized speech, makes it possible for a company to use recordings of a person's voice to utter things that the person never actually said.

The software, called Natural Voices, is not flawless — its utterances still contain a few robotic tones and unnatural inflections — and competitors question whether the software is a substantial step up from existing products. But some of those who have tested the technology say it is the first text-to-speech software to raise the specter of voice cloning, replicating a person's voice so perfectly that the human ear cannot tell the difference.

"If ABC wanted to use Regis Philbin's voice for all of its automated customer-service calls, it could," said Lawrence R. Rabiner, vice president for AT&T Labs Research.

Potential customers for the software, which is priced in the thousands of dollars, include telephone call centers, companies that make software that reads digital files aloud, and makers of automated voice devices.

See Bob Jensen's threads on speech recognition (under the term "Speech Recognition") at http://www.trinity.edu/rjensen/245gloss.htm 


Wow Shareware Technology for the Week

For most any email system, you can add a free voicemail system unless your firewall messes it up.

HandyBits Voice Mail --- http://www.handybits.com/voicemail.htm 

If you are tired of typing e-mail messages, this tool is for you. With Voice Mail you can create and e-mail sound messages to your friends.

Simply click the Record button (see picture), talk, and then click the Stop and Send buttons. That's it.

Key Features:

Integrated sound recorder - with this feature you can record and play your messages with one single mouse click. Even more, you can adjust the volume and microphone level inside the Voice Mail window (see screen shot).

GSM compression - with this feature you can reduce the size of the e-mail message up to 10 times. This makes you able to send your voice messages over the Net 10 times faster!!! 
The compression is the same as the one used by your GSM cell phone, when transmitting your conversations. 

Compatible with all e-mail programs - To send your messages, Voice Mail uses standard Windows MAPI, which makes it compatible with virtually any e-mail clients.

Compatible with all sound driver configurations - Voice Mail records your message into a Wave file. Wave is a standard format that is widely supported, so that your messages can be played virtually on any computers equipped with a sound card.

Drag & Attach Window - with this feature you can easily drag your Voice Mail message and add it to an existing e-mail message (e.g. when you are replying to others).

Multi-Language Support - the program supports our MLS technology. Just choose from the language list inside the program, and it will appear to you in your preferred language. Languages are changed on the fly, no additional plug-ins required; everything is in the same installation.

Useful tips banner - Context sensitive tips are shown in the top section of the window, here you will learn how to use the program in the most convenient way.

Online services - You can go to the help menu, click on "Product Support", and get connected to our support service via the web.

The downside is that the audio recordings are saved in WAV files.  WAV files can become enormous.  If and when HandyBits provides an option to record MP3 files, the storage space required will be reduced by about 90%.


The following are a collection of paper and short stories that pertain to fraud and fraud perpetrators.  These papers were written by students at the Louisiana State University.

  Nick Brignola - "Fraud Perpetrator Profile: A Short Story"

  Lisa Eversole - "Profile of a Fraudster"

  Tammy Hinds - "Governor J. Fife Symington, III "

Jennifer Duvall - "Inventory Fraud - Don't Be Left Scratching Your Head "

Darrell Langlois - "Healthcare Fraud Sweeps the U.S."

I obtained these links while visiting the homepage of Larry Crumbley at http://www.bus.lsu.edu/accounting/faculty/lcrumbley/crumbley.html 


Lab Tests Online (Medicine, Health) --- http://www.labtestsonline.org/ 
To help us understand what they really mean.

Self ---- (Health, Lifestyle, fitness, diet, blah) http://www.self.com/ 


Globalization Strategic Alliances Roundtable (GSAR), Berlin, Germany, June 22, 2001 --- http://www.cs.trinity.edu/~rjensen/GSAR2001/000start.htm
Instructions:  Click on the speaker's name to hear an MP3 recording.  
                       Click on "Text" to read an outline of that speaker's prepared remarks.

The server containing the audio and graphics files relating to the above link is undergoing some maintenance in August. If you have trouble opening the above Web site, please be patient and keep trying.

Unexpectedly, Agnes Cheng came up to me during the Early Bird Reception on June 21, 2001 in Berlin at Cross-Border Business Combinations and Strategic Alliances Conference at Humboldt-Universitat.  Professor Cheng requested that I attend a June 22 morning session she had organized called the Berlin Globalization Strategic Alliances Roundtable (GSAR).  She then explained that the reason she invited me was to have her session captured on videotape.

I must explain that, although I capture a lot of video at conferences, my skills in this regard are strictly amateur.  The GSAR speakers in Berlin were not wearing microphones, so the only audio captured was through the microphone built into my old Sony camcorder.

I am temporarily making my Berlin GSAR audio recordings available on my Web server (actually courtesy of the Computer Science Department at Trinity University).  I am providing Dr. Cheng my audio and picture files on a CD-R disk so that she may eventually serve them up at the GSAR Web server at --- http://www.globalizationroundtable.org/  
Your computer must have MP3 audio playback software in order to listen to the audio files.

Go to  http://www.cs.trinity.edu/~rjensen/GSAR2001/000start.htm 


Ernst and Young has announced the signing of a merger agreement with Da Hua, a leading accounting firm based in Mainland China. The new merged unit will operate in China under Ernst & Young Da Hua --- http://www.aia.org.uk/news/news_index.cfm 


Update Notes from Craig Polhemus [craig@aaahq.org
Executive Director of the American Accounting Association, August 2, 2001
http://accounting.rutgers.edu/raw/aaa/ 

UPDATE ON THE AAA QUALITY OF EARNINGS PROJECT http://aaahq.org/qoe/index.html
The latest information on the AAA Quality of Earnings Project can be found on the AAA web site. Information includes the Quality of Earnings Case Study Collection (edited by the AICPA), calls for papers for a special editions of both Accounting Horizons and Issues in Accounting Education, The Accounting Review Conference, and much more. Visit the web page for all the latest information or contact Linda Watterworth at linda@aaahq.org 

NEW ONLINE JOURNAL FOR THE AAA PUBLIC INTEREST SECTION http://aaahq.org/pubs/apipubs/apipubs.htm 
The AAA Public Interest Section has launched its new online journal, Accounting and the Public Interest. Assess to the journal will be free for approximately 3 months. After the introductory period you will need to be a Section member and choose the API Journal option to obtain your unique user name and password. Take this opportunity to view the API Journal during the initial promotional period.

SUMMER 2001 NEWSLETTERS AVAILABLE ONLINE

Accounting Education News http://accounting.rutgers.edu/raw/aaa/aen/summer01/summer01.htm 

The ABO Reporter http://hsb.baylor.edu/html/davisc/abo/home.htm 

The ATA Newsletter http://www.uni.edu/ata/news/summer01/summer01.htm 

The Auditor's Report http://raw.rutgers.edu/raw/aaa/audit/Pubs/Audrep/01summer/01summer.htm 

Accounting Information Systems and Technology Reporter http://aaa-is.byu.edu 

International Accounting Forum http://www.cba.uc.edu/cbainfo/ias/ForumSum01/iafnews.htm 

The Accounting Educator http://accounting.rutgers.edu/raw/aaa/tccomm/newsletters/index.htm 


Dear Dr. Jensen,

Hi, my name is Donna Peterson and I work for ITtoolbox.com. A colleague of mine, Michelle Stanton had recently contacted you in regards to our portal ITtoolbox ERP. She thought that you might be interested in learning about our recently launched program for academic institutions.

The ITtoolbox Academic Program provides students with free IT resources and forums to interact with other students and professionals in the same field. The program offers our network as a real-time, continually updated resource for students learning about different segments of the IT industry. It also provides a school's students and professors an opportunity to have papers and documents published, bringing recognition to both the individual and their particular department within a school.

For more information on the program and its benefits, please go to http://www.ittoolbox.com/help/academic-overview.htm . I have additional attachments that I can send, but will wait for your request, due to the sensitivity of unsolicited documents right now.

I will give you a call next week to answer any questions you might have, or provide any additional information you may need. If you have any questions before then, or would like me to send the other documents please give me a call. I hope you are having a great summer and thank you for your time.

Best Regards, Donna Peterson www.ITtoolbox.com   610.280.9216 


I have some pages on ERP systems at

http://www.usc.edu/schools/business/atisp/  and a book on ERP available on Amazon:

http://www.amazon.com/exec/obidos/ASIN/0521791529/o/qid%3D960316580/sr%3D8-1/ref%3Daps%5Fsr%5Fb%5F1%5F1/102-9729454-5368160 

At USC ERP systems are extensively integrated into the AIS curriculum and have been since ~1997-98. Students can gain access to a range of ERP systems including SAP, JDE, Great Plains and MAS 90. These last three systems are supported on our Citrix server so that students will have 7x24 Access.

If you have any questions contact Les Porter <LPorter@marshall.usc.edu>  or me.

Closely related to Enterprise systems are e-business systems and processes that we also integrate into the graduate curriculum. There are some workshops on Sunday at AAA on those topics.

Dan O'Leary [oleary@RCF.USC.EDU


eWEEK Labs explains why compliance with Section 508 federal accessibility guidelines isn't just a good deed but is also good business for Web sites --- http://cgi.zdnet.com/slink?124584:2700840 

Section 508(b), essentially a federal procurement mandate requiring that government electronic and information technology be accessible to those with disabilities, will in the long run affect far more than federal intranets and Internet sites.

So far, the requirement known as Section 508 has been effective by using the carrot rather than the stick--rewarding companies for doing the right thing. Compliance not only makes them eligible for government spending but also makes their sites accessible to an estimated 50 million Americans with disabilities whom most Web sites currently don't reach.

According to Gregg Vanderheiden, director of The Trace Research & Development Center at the University of Wisconsin-Madison and one of several authorities on accessibility with whom eWEEK Labs spoke for this Special Report, "508 is unique because it doesn't require companies to make products accessible but gives them a competitive edge in a very large market if they do...This will result in more usable consumer products for people of all ages and abilities."


David Maister's latest book, True Professionalism: The Courage to Care About Your People, Your Clients, and Your Career, explains how successful firms are clearly differentiated by a strict adherence to values and professionalism, and that doing the right thing is good business. Read about this and other recommended titles. http://www.accountingweb.com/book/business.html 


Help for kids surfing the Internet  (and for adults who remain kids at heart)
FirstGov for Kids --- http://www.kids.gov/ 

HistoryWired - 3 million of the Smithsonian's "favorite things." --- http://historywired.si.edu/ 
Note:  This is a very flashy Website.  Take a look just for the design thrill.


AccountingWEB provided daily progress reports on the auditor independence hearings held last summer at the Securities & Exchange Commission. This summary has links to all the major stories as well as the final legislation. http://www.accountingweb.com/item/26405 


Rob Rosenberger runs a website that rails against the hysteria surrounding Internet diseases. He's funny, biting, takes no prisoners, and has top CIA security clearance to boot --- http://www.wired.com/news/technology/0,1282,45812,00.html 

His website, Vmyths, focuses on presenting the facts -- as Rosenberger sees them -- about computer viruses, dispelling any media-fueled hysteria about computer security and disputing the smallest shred of misinformation from the security industry itself.

Rosenberger carefully reviews the press coverage of every virus alert and rips into reporters who mindlessly repeat whatever "facts" they may have been fed by their sources.  He also savages the experts themselves, mercilessly analyzing their motives and stripping them bare to the public's glare.

Victims of his investigations often ask each other: "Just who the hell is this Rosenberger guy anyway?"

See also:
From Code Red to Code Dread
Call This Worm 'Code Dead'
How Hard Will Code Red Hit?
Code Red: Is This the Apocalypse?
FBI Net Center Blasted Again
Is This World Cyber War I?


It's official. The Senate has confirmed Wall Street lawyer Harvey Pitt as the next chairman of the Securities and Exchange Commission. http://www.accountingweb.com/item/54407 


Education Comparisons Between 30 Nations
 OECD Indicators 2001 --- http://www.oecd.org/els/education/ei/eag/ 


World Resources Digital Dividend --- (Innovation, e-Commerce) http://www.digitaldividend.org/ 


"Surviving the E-Commerce Game," DB2 Magazine, Quarter 3, 2001, pp. 42-46  --- http://www.db2mag.com/ 


The IASB/IASC International Accounting Standards Board Web site has recovered at http://www.iasc.org.uk/cmt/0001.asp 

Reply from Roger Debreceny [rogerd@NETBOX.COM

BTW, the IASB is at both www.iasb.org.uk  and www.iasc.org.uk 

I much preferred Paul Pacter's original site for the IASC. Don't you just hate URLs on the current site such as

http://www.iasc.org.uk/cmt/0001.asp?s=100136132&sc={DFC2B98C-876A-11D5-BE69-003048110251}&n=61  

for a page on "Framework for the Preparation and Presentation of Financial Statements"? The Board should make it clear to their consultants that they should read the guidance on Website design from Jakob Nielsen at http://www.useit.com/

Roge


Advanced Search Systems

"A Cure for What Ails Search Engines," by Ellen McCarthy, The Washington Post, August 6, 2001 --- http://www.washtech.com/news/emerging/11666-1.html 

Starpond was founded by Terry Bowers and Tom Folkes, a brother-sister team who pooled their talents to bring a functional product to market in under a year. The company's flagship Collaborative Use Research Engine (CURE) is the brainchild of Folkes, an independent computer consultant who had been knocking the idea around in his head for nine years.

CURE operates within a preestablished field of data, professional journals in the student's case, that is customized to fit the needs of a group. When a topic is searched, the system produces a list of results and ranks them by how frequently each is used by others in the group. So, the student would see which journal articles are used most often by other students and professors researching immigration cases.

CURE costs $400 to $5,000 a month to lease, depending on the number of users, range of data sources and amount of customer support the client requires.

Folkes and Bowers believe the system surpasses most research and analysis tools now in use and that it eventually will be used in settings ranging from government think tanks to junior high science classes.

"This so accelerates research and knowledge sharing," said Bowers, the president and chief executive. "We've already seen germs of its ability to affect public policy and foster growth."

"Starpond and WebSurveyor Team to Deliver Next Generation Research Capabilities to WebSurveyor Customers," Web Surveyor, May 8, 2001 --- http://www.websurveyor.com/about_news.asp#SP 

Chevy Chase, MD and Herndon, VA. Starpond, Inc, a leading developer of next generation search technologies and applications, and WebSurveyor, the leading provider of online customer research software and services, today announced a strategic partnership to provide WebSurveyor customers with access to Starpond's newest research tools, including the soon to be released Collaborative Use Research Engine (CURE)™.

WebSurveyor's online services provide business consumers innovative and effective survey technology to acquire actionable knowledge from customers, prospects, employees, partners, students, constituents, and web site visitors. Through its partnership with Starpond, WebSurveyor will add the search capabilities of the CURE™, giving business consumers even more versatility in conducting customer research.

"The CURE™ will help WebSurveyor clients in two significant ways," said WebSurveyor CEO Bruce Mancinelli. "First, it will speed up analyzing responses from open-ended questions, which, depending on the amount of data, may be very time-consuming. Second, by using the technology to discover relationships within and between text responses, WebSurveyor clients will find open-ended responses an even more valuable source of business intelligence. Besides creating added-value to our survey applications, there are endless opportunities for StarPond and WebSurveyor to work together in developing additional unique solutions and services."

Starpond's first product, the CURE combines an advanced search application with high-level knowledge management functionality. This combination provides the ability to create real time parabolic knowledge available from tacit and explicit sources as well as aggregate data that have been mined from the web.

The Starpond homepage is at http://wwwhttp://www.starpond.com/.starpond.com/ 

To enable organizations to gain competitive advantage one needs to have access to relevant comprehensive information and analysis tools to make better decisions, faster.

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 


Helpers in Attracting the World to Your Website

"Search Engine Optimization FREE!" by Paul Boutin, Webmonkey, August 6, 2001 --- http://hotwired.lycos.com/webmonkey/01/23/index1a.html 

Before I landed my cushy job as a magazine editor, I spent three years under the hood at Hotbot as an engineer and manager. Between days reading our log files and nights shmoozing with other search engineers, I learned more than I'd ever wanted to know about where search traffic comes from, and where it goes to. I even wrote an article about it for Webmonkey.

But I had put all that behind me ... until my lovely wife, Christina, asked me about search engine optimization for Artloop, her fine art research and location service.

Dozens of companies had pitched their optimization services to her, but Christina, a former MSN manager as smart about database schema as she is about business plans, balked. Why pay someone to set up bogus domains, build huge farms of gateway pages, and cram hundreds of keywords like "britney spears" into Artloop's HTML? The very idea ran contrary to the information architecture and site layout her staff had worked so hard to make as clean and clear as possible for their visitors. Moreover, as a Web user herself, she'd learned to recognize these traffic-grabbing methods and had become wary of sites using tricks to get her to click. Why should she assume her own customers would behave differently?

And she was right: Trying to fool search engine users with keywords and trick tags makes sense only if your goal is to flash a lot of ad banners, return traffic be damned. That used to be the business model for an entire industry. But most sites in business today hope to convert first-time visitors into loyal customers by building long-term relationships. Sure, searchers need to find your site, but the results on Hotbot's Top Ten lists show that the only results people stick with are the ones that don't try to scam them. Trap doors, redirects, keyword spam, and multiple domains that host the same pages are more likely to make people reach for the back button (a move the Direct Hit technology behind Top Ten results can detect), not their credit cards.

So, rather than waste money on consultants, Christina and I decided to create our own search optimization spec. Using data gleaned from representatives of leading search engines, insider data, and old-fashioned trial and error, we came up with our own strategy for getting traffic from search engines and portals without having to fake people out. In the process, we encountered so many dubious "experts" with something for sale — software, books, services — that we decided to raise the bar on them and publish our notes for free.

Imagine our surprise when Google's engineers read this article (when it first published in early June, 2001) and invited us to visit their offices to dig even deeper into the workings of their gigapage Web index. Of course we took them up on the offer, and we've updated this article with our notes from those meetings. We've also included answers to the best questions from the hundreds of emails we've received over the past couple months.

. . . 

The Biggest Fish to Fry: Yahoo, Google, and Inktomi

The Yahoo directory accounts for half the traffic referred to most sites. So get your site listed on Yahoo, and your traffic can literally double overnight. Beyond that, most search engine traffic comes from two places: Google and Inktomi.

Traffic from Google has increased at an astonishing rate over the past year: Jakob Nielsen's search engine referrals to his Useit site confirm this, as do the unpublished reports from retail sites like Stylata. Google, once considered a niche site for nerds, is the Wall Street Journal's pick for best search engine on the Net, and the traffic numbers seem to agree.

Inktomi, the number two traffic generator, doesn't run its own search site. Instead, the company provides the technology behind MSN Search and AOL Search, two top referrers, as well as Hotbot and over a dozen more.

Portal sites like Excite, Lycos, and AltaVista still draw lots of traffic, but together Google and Inktomi outweigh the entire rest of the field. Add it up and it's pretty clear how to maximize your traffic for the least effort:

All of this can be accomplished with one, three-step process. And it really is as easy as 1-2-3. 

There are quite a few things you can do to grab the attention of search engines and directories:

Clean Up Your URLs

Frames used to be the biggest roadblock to getting crawled, but no more: Both Google and Inktomi now crawl them (the section of Inktomi's support FAQ that claims this isn't so is out of date, according to the company). Instead, the problem with most e-commerce sites today is that their product pages are dynamically generated. While Google will crawl any URL that a browser can read, most of the other search engines balk at links with "?" and "&" characters that separate CGI variables (such as "artloop.com/store?sku=123&uid=456"). As a result, many individual product pages don't show up outside of Google.

One way to circumvent this difficulty is to create static versions of your site's dynamic pages for search engines to crawl. Unfortunately, duplicating your pages is a huge amount of extra work and a constant maintenance chore, plus the resulting pages are never quite up-to-date — all the headaches dynamic pages were designed to eliminate.

A far better strategy is to follow the lead of Amazon and rewrite your dynamic URLs in a syntax that search engines will gladly crawl. So URLs that look like this ...

amazon.com/store?shop=cd&sku= B00004WFIZ&ref=p_ir_m&sessionID= 107-6571839-6268523

... become ...

amazon.com/exec/obidos/ASIN/ref= B00004WFIZ/ref=pd_ir_m/107-6571839-6268523

Amazon's application server knows the fields in the URL are actually CGI parameters in a certain order, and processes them accordingly.

J.K. Bowman's Spider Food site explains how to fix URLs for most popular e-commerce servers. One of Artloop's Web programmers learned Apache rewrite rules that tell Apache how to translate slash-separated URLs into a format used by their Netzyme application server. On the back end, Netzyme is passed something like this:

artloop.com/cgi-bin/CssP.exe?CsspApp= ArtLoopClient1&CssServer=localhost%3A32401&CsspFn =@/details/ArtistDetail.html:@:getForm&ObjectLocation =ART&ArtistID=3918

But users and search engines see the tidier, Apache-served URLs, which look something like this:

artloop.com/artists/profiles/3918.html

Not only are the rewritten URLs crawlable by all search engines, they're also more human-friendly, making them easier to pass around the Net.

Many readers have written in to to ask if the search engines will begin crawling and indexing Flash content soon. The answer, as you might guess, is no. Unlike PDF files, Flash files rarely contain information in text format. Search developers don't want to clutter up their indexes with a million "Skip Intro" pages.

Submit your Site

There are a lot of automated search engine submission services that you can use to submit your site to as many search engines as possible. The one most recommended by people I talked to is Submit It, an early player that did so well, Microsoft bought them — Submit It is now part of MSN bCentral, and it charges a minimum fee of US$59 to keep a few URLs submitted for a year.

You can avoid the fees by simply submitting to individual search engines on your own. Start with UseIt's list of top referrers — that's where most of the traffic you can get will come from. And while you'd think submitting your site to one Inktomi-powered site would work for all of them, optimization experts have told us it works better if you hit them all.

Don't Forget the Directories

Submit It does submit your site to the busiest directory sites, except for the biggies: Yahoo, LookSmart (which MSN serves under its logo), and the Open Directory Project (which powers Lycos, Hotbot, and Netcenter categories). Some of these directories charge for submission, but $400-500 total will get your most important pages into the most trafficked places.

Yahoo still offers free submissions, except for business categories, which cost $199. But even the fee doesn't guarantee they'll accept your site, just that they'll decide on it within a week — with free submissions, you don't even get the promise that they'll ever get around to evaluating it, given the incredible volume of submissions.

Once you've submitted your pages, be ready to wait a month, two, or three before they're crawled and indexed. It's frustrating, but processing a billion Web pages takes time — at a nonstop rate of one hundred per second, it would still take almost four months.

Make a Crawler Page

It isn't necessary to submit every page on your site to the search engines. Just make sure they can find all the pages that matter by hopping links from your front door. To do that, make a "crawler page" that contains nothing but a link to every page you want search engines to crawl. Use the page's TITLE info as the link text — this helps improve your site score. For an example, check out Artloop's crawler page.

Basically, the crawler page is a site map that lists all the pages on your site — it may be a bit too big for humans to read through, but it will be no problem for a search engine. Add an obscure link to the crawler page on one of your site's top-level pages, using a small amount of text. MSN used to use 1x1 images for this trick, but the Google geeks warned us to avoid such obviously invisible tags. "Why not just label it 'site map?'" one asked. Search engine spiders will find it as soon as they get to your site, and suck down all the pages it finds on it.

Don't worry, the crawler page won't show up in search results. It does get pulled into the search engine's index, but because it has no text or tags to match a query, it isn't listed as a result. The pages it links to, however, will appear because the search engine's spider found them right after it visited the crawler page. Wired News, for example, uses hierarchical sets of crawler pages to make sure every story ever published is crawlable from the top of the site.

For Artloop, we decided to break the crawler pages down into 100KB pages or smaller, just to be careful — we wanted to prevent search spiders from timing out or deciding the pages were too big to crawl.

For the rest of the article, go to  http://hotwired.lycos.com/webmonkey/01/23/index1a.html 

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 


For those of you who thought being an entrepreneur means going it alone, you may be in for a bit of surprise. A new survey conducted by Accenture over a period of 18 months shows that true and effective entrepreneurship is really a collaborative effort. Survey results also show that American business owners are among the least likely to embrace this theory. http://www.accountingweb.com/item/54038 

Bob Jensen's helpers for small businesses can be found at http://www.trinity.edu/rjensen/bookbob1.htm 


Tax Professional's Corner --- http://www.irs.gov/bus_info/tax_pro/index.html 
(Includes new IRS tax tables.)

Sure Fire Ways to Get Your Tax Return Audited --- http://www.accountingweb.com/cgi-bin/item.cgi?id=40235 

The IRS will automatically disallow these items if they appear on your tax return:

To stay buried comfortably inside the huge pile of 2000 tax returns, mind the following:


The Internet can save you time and provide the information you need to do your job efficiently if you learn to take advantage of all this great resource has to offer. Jim Kaplan of AuditNet explained how accountants can get the most out of the Internet in a live AccountingWEB workshop presentation. http://www.accountingweb.com/item/20798 


This month in the Carnegie Foundation Forum…

Wired for Trouble? “Who among us has not felt subtle -- or not-so-subtle -- pressure to do more with technology in the classroom, whether from colleagues, superiors, or just from a fear of falling behind?” asks T. Mills Kelly, assistant professor of history at George Mason University. Join Dr. Kelly in this month’s Forum as he reflects upon the impact of the World Wide Web on the profession of teaching and on student learning.

To join this conversation, go to: http://www.carnegiefoundation.org/forum/ 


Avaya and University of Colorado Announce Joint Research for Natural Language Speech Recognition Technology --- http://www.avaya.com/cc/index.jhtml;jsessionid=YHDQON4QO1YSBWAZ4QKSFFA?context=9&subContext=0&subSubContext=0&type=details&elementId=%2Fcc%2Fpages%2FPress_ReleaseDetails.jhtml&rec_id=pr-010806-23644 

Avaya Inc. (NYSE: AV), a global leader in corporate networking solutions and services, and the University of Colorado at Boulder today announced a joint research initiative to speed development of natural language speech recognition technology for self-paced training programs and other business applications. To fund this research, Avaya has donated $250,000 to the University's Center for Spoken Language Research (CSLR) and Alliance for Technology, Learning, and Society (ATLAS) initiative. The two university entities will work with local Avaya research and development experts in developing and testing new speech recognition technologies.

The joint project will create a new generation of voice recognition tools that intelligently engage users with greater levels of verbal and visual perception. Avaya will work with CSLR to integrate the newly developed technology into its Customer Relationship Management solutions, creating a highly personalized and responsive customer experience. CU-Boulder students enrolled in the ATLAS Technology, Arts and Media program will assist in developing test strategies for the interactive training tools. In addition, CSLR will use a portion of the donation to create a toolkit that simplifies speech recognition application development and integration, making it easier to deploy and maintain speech-enabled CRM solutions within an enterprise environment. CSLR researchers, who include faculty from the fields of computer science, psychology and cognitive science, already have developed virtual tutors that incorporate facial animation, speech recognition and speech synthesis systems into a single software package. Under the leadership of Director Ron Cole, the center has received more than $5 million in grants from the National Science Foundation over the last three years for projects helping children with hearing impairments and reading disabilities.

The Avaya grant will support research and development of future communication systems that allow the caller to take control of the conversation rather than simply responding to prompts produced by the computer. "The result is a much more natural and graceful interaction," said Cole. "By developing more natural and graceful conversational interfaces through basic research, and testing these systems with Avaya's help, we should be able to develop systems in the next few years that provide a more satisfying experience to Avaya's customers."

Bob Jensen's threads on speech recognition can be found at http://www.trinity.edu/~rjensen/245glosf.htm#Speech1 


Online Magazine (for Information Professionals) --- http://www.onlineinc.com/onlinemag/index.html 

ONLINE is written for Information Professionals and provides articles, product reviews, case studies, evaluation, and informed opinion about selecting, using, and managing electronic information products, plus industry and professional information about online database systems, CD-ROM, and the Internet. This site contains selected full-text articles and news from each issue of the magazine. Direct letters to the editor to Marydee Ojala ( Marydee@xmission.com ). If you are interested in writing for ONLINE, please see the Authors' Guidelines.


From Syllabus e-News on August 7, 2001

WebCT Announces IMS Content Migration

WebCT, a provider of integrated e-learning systems for higher education, today announced the availability of an IMS Content Migration Utility for the latest version of its market-leading e-learning software, WebCT 3.6, in both Standard and Campus Editions.? The IMS Utility is also backwards compatible with previously-released versions of the software, WebCT 3.1.3, and WebCT 3.5 Standard and Campus Editions.? The IMS Utility is available online ( http://download.webct.com/  ) and can be implemented by current WebCT license holders through a simple download process.

For a discussion of WebCT and its competitors, to to http://www.trinity.edu/rjensen/290wp/290wp.htm 


Resource Directory for Older People --- http://www.aoa.gov/directory/default.htm 

The Resource Directory for Older People is intended to serve a wide audience including older people and their families, health and legal professionals, social service providers, librarians, researchers, and others with an interest in the field of aging. The directory contains names, addresses, phone numbers, and fax numbers of organizations which provide information and other resources on matters relating to the needs of older persons. Inclusion in the directory does not imply an endorsement or recommendation by NIA or AoA.


The FEI Research Foundation is pleased to announce the release of Taxation of U.S. Corporations Doing Business Abroad: U.S. Rules and Competitiveness Issues Second Edition. The authors of this study find the highly complex tax laws for U.S. multinationals often places them at a disadvantage to foreign competitors.

Accompanying the release of this book, FEI's committee on taxation held a July 31 press conference at the Capitol Building, where Joe Luby of ExxonMobil and Rep. Amo Houghton (R-N.Y.) spoke to the assembled press corps. Ryan Donmoyer of Bloomberg wrote a lengthy article on the issue that afternoon, and the press release has been picked up by a number of sources, including The Exporter, a magazine and Web site that focuses on international trade.

To introduce the first of the new offerings from FEI Research, FEI members can buy the book for $65 from today through Labor Day, a $10 discount off the $75 list price.

To order Taxation of U.S. Corporations Doing Business Abroad: U.S. Rules and Competitiveness Issues Second Edition visit http://www.fei.org/rf/PubDetail.cfm?Pub=72 .

To view the press release visit http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=105&STORY=/www/story/07-31-2001/0001545342 .


Kumeyaay Nation --- http://www.kumeyaay.com/ 

This Web site is dedicated to the promotion and preservation of the Kumeyaay culture. Kumeyaay.com tells the story from the Kumeyaay perspective, and is the premiere source for Kumeyaay Indian information.

Who are the Kumeyaay? The Kumeyaay Nation extends from San Diego and Imperial Counties in California to 60 miles south of the Mexican border. The Kumeyaay are members of the Yuman language branch of the Hokan group.


From FEI Newsletter on 

The International Accounting Standards Board recently announced its initial agenda of nine technical projects. There is an article in today’s (8/2) Financial Times on the subject, too. Top priority projects: insurance contracts, business combinations, performance reporting, financial institution disclosures and stock option accounting. Here’s a link to the full press release announcing the agenda: http://www.fei.org/download/IASB-7-31-2k1.pdf

On June 19, the IRS issued final rules on minimum cost requirements under tax code Section 420, which permits the transfer of excess assets of a defined benefit plan to a retiree health account. At issue was what constituted a “significant reduction” in retiree health coverage for the purposes of determining whether an employer had satisfied the maintenance of effort during the cost maintenance period. The final rule also clarified who is responsible for retiree health care after a sale or transfer of an employer’s business. The final rules have an effective date of June 19, 2001, and are applicable to transfers of excess plan assets occurring on or after December 18, 1999. For a detailed analysis provided by Randy Hardock of Davis and Harman, LLP, click here: http://www.fei.org/gr/news/section420.cfm

The IASB announced its initial agenda of nine technical projects. This came after extensive deliberation with its Standards Advisory Council, national accounting standard setters, regulators, and other interested parties --- http://www.aia.org.uk/news/news_index.cfm 


A portion of a message from Professor Stefl at Trinity University

Dr. Jensen forwarded your inquires to me. As his e-mail indicated, I'm currently chair of our health care administration program. We offer a master's degree only, and most of our students end of managing various types of health care organizations or systems.

There are approximately 65 accredited master's level programs in health services administration in the U.S. and Canada. You can find a listing of these programs on www.acehsa.org . As the list shows, about a third of those programs are in business administration schools. Others are free-standing (like the Trinity program), or in schools of public health or medical schools.

Mary Stefl
mstefl@trinity.edu
 


The John Hughes Files (Movies, History) --- http://www.riverblue.com/hughes/ 


Beware of this email fraud
Bogus e-mails often circulate rapidly on the Internet, but a recent one warning consumers that credit bureaus will start releasing their info is alarming the government and independent watchdogs --- http://www.wired.com/news/culture/0,1284,45770,00.html 


A Good Travel Site, But Not The Best 
Orbitz is the newest entrant in the online-travel wars. And it is a good site, to be sure. But others still exist, and they offer advantages over Orbitz's current services. (A NewMedia REVIEW) http://www.newmedia.com/default.asp?articleID=2894 


Implementing a framework for value assessment is the first step in guaranteeing ROI from B2B e-commerce projects. Without one, you risk losing time as well as money. http://www.iemagazine.com/010810/412feat1_1.shtml 


"You Can Frame Your Memories Digitally," by Jon Healey, Los Angeles Times, July 26, 2001 --- http://www.latimes.com/technology/la-000060826jul26.story?coll=la%2Dfeatures%2Dtechnology 


Just when you think it's getting too difficult to tell the players without a scorecard, AccountingWEB provides this summary of all of the divestitures, IPOs, rumors, and realignments of the Big Five firms and their consultancy divisions. http://www.accountingweb.com/item/34741 


From the NewMedia Insider Report on August 2, 2001

Brainstorming Wireless Sales and Service Wondering how you might use cell phones and PDA's on the wireless Web to improve your company's sales and service? We have quite a few ideas for those who want to enter the wireless world. http://www.newmedia.com/default.asp?articleID=2874 


Divorces can be expensive, from fees for attorneys or expert witnesses to appraisals of homes, businesses or other assets. And the costs can soar when couples take to the courts. Fortunately, there is a no- or low-cost source of information for spouses going through litigated divorces. Read Julian Block's solutions for saving money on this all-too-common process. http://www.accountingweb.com/item/53905 


Paid search engines are faring well during our soft online ad market because they are among the few that have successfully aligned the needs of both consumers and marketers, according to new research. http://www.newmedia.com/default.asp?articleID=2893 

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 


Hi Bob,
I thought you might be interested in knowing that I've established a strategic partnership with ForwardVue Technologies, Inc. -- a new company that develops custom software for Fortune 1000 companies. We are collaborating on creating systems designed to help clients measure their risks, assess alternative hedging solutions, and expand their business activities.

To read more, go to http://www.kawaller.com/press/forwardvue.html 

Or, feel free to contact me if you have any questions. Thanks for your consideration.

Ira Kawaller Kawaller & Company, LLC (718) 694-6270 kawaller@idt.net 
www.kawaller.com
 


The Hubble telescope has captured the mating ritual of two giant galaxies. They shake their edges together and young stars are born --- http://www.wired.com/news/technology/0,1282,45818,00.html 


History from PBS
The Roman Empire in the First Century --- http://www.pbs.org/empires/romans/index.html 


Big Blue, anticipating that computing power someday will be divvied up similar to an electric utility, will spend $4 billion to build server farms all over the world --- http://www.wired.com/news/technology/0,1282,45769,00.html 


Did you know that there are more lawyers working for the Big Five firms than there are lawyers working at the world's largest law firms? Too bad they can't practice law... http://www.accountingweb.com/item/17802 

It's starting in New York, but soon it may be coming to a professional practice in your neighborhood. The New York State Bar Association has given its blessing to the formation of multidisciplinary practices (MDPs), paving the way for sanctioned cooperative ventures between lawyers and other professionals, including accountants. http://www.accountingweb.com/item/54288 


Try to hold down the laughter and/or tears!
"Congress to Audit Pentagon" ---  http://dailynews.yahoo.com/h/ap/20010730/pl/pentagon_plastic_6.html 


Hi Ron,

It does not contain "all" pictures on the Web, but it does contain millions of pictures.

The easiest thing to do is to go to http://www.google.com/advanced_search

The above link is usually used for HTLM and PDF searches, but if you scroll down slightly you will also see a search box under "Image Search (Beta)"

Within quotation marks, I typed in the phrase "Ron Clute" and got no results. Then I typed in "Clute" and got a bunch of pictures of people who are mostly (not always) better looking than you.

Note that this is a good way to search for text as well as pictures. Sometimes it is hard to find the right phrase to bring up just the page you want using a text phrase search. Sometimes when you put that phrase or one like it into the image search engine, there will be a link to the Web page you are looking for even if you are not interested in the picture.

Give it a try.

Bob 

Original Message----- 
From: Ronald C. Clute, Ph.D. [mailto:cluter@wapress.com]  
Sent: Tuesday, August 07, 2001 12:49 PM 
To: rjensen@trinity.edu  
Subject: Web Picture Search Engine

Bob,

A few weeks ago there were several posts on the AECM List Service about a search engine that contained all the pictures on the Web. This could have been in one of your bookmarks, too. Anyhow, do you remember what the address of the search engine is? I had it saved as a favorite, but it was lost when our email machine crashed last week. Any help you can provide will be appreciated. I am sorry to bother you because I know from your volume of email that you are a very busy man.

Regards and thanks,

Ron 
Ronald C. Clute, Ph.D. Conference Chair International Business & Economics Research Conference Conference 
Website: www.wapress.com/iberc%20main.htm 
Email: cluter@wapress.com  
Telephone: (303) 904-4750 Fax: (303) 978-0413

 

A Search Engine for Medieval, Renaissance, and Seventeenth-Century British Literature (History) by Anniina Jokinen
Luminarium --- http://www.luminarium.org/lumina.htm 
The pictures are great as well as the text and links.


Literature, Art, Marketing, and History
Lurid Paperback Cover of the Week (a database of vintage covers of books) http://www.nwrain.com/~monlux/LuridPaperbackofWeek.html 

A weekly updated commentary on the Vintage Paperbacks of the 30's, 40's and 50's, featuring artwork and editorials on the history of what was a uniquely American approach to the development of various forms of marketing for the newly invented paperback.

When LP's Roamed The Earth (record album covers) http://www.whenlpsroamedtheearth.com/ 

U.K. Graffiti --- http://www.homeusers.prestel.co.uk/boauk/graffiti.html 

Arts for the Parks 2001 --- (travel, nature, wildlife) http://www.artsfortheparks.com/ 

From National Geographic (travel, ecology, history, photography)
Megatransect: Across Africa (an ecologist's 2,000 mile quest on foot.)
http://magma.nationalgeographic.com/ngm/data/2001/08/01/sights_n_sounds/media.5.2.html 


If you're a computer technician employed in South Carolina, be aware that the state legislature just expanded your work responsibilities. Techies in that state are now required to give authorities the names and addresses of computer users with child pornography on their machines. http://update.informationweek.com/cgi-bin4/flo?y=eEEi0BcUEY0Vz0Qpb0Ab 


Coding demos used to be a purely male pursuit. But so many women were dragged to demo parties by their boyfriends, ther've starting to do it too. Steve Kettmann reports from Assembly 01 in Helsinki --- http://www.wired.com/news/culture/0,1284,45786,00.html 


"The Birth of the PC:  IBM's personal computer machine changed the world (Computers, History), SiliconValley.com --- http://siliconvalley.com/news/special/birthofpc/ 


War Letters (History from PBS) --- http://www.pbs.org/amex/warletters/ 


For an excellent compilation of various financial management tools and white papers, go to Bank of America's  http://corp.bankofamerica.com/portal/homepage/index.jsp 

Topics include the following:


Yahoo quietly improves its enterprise solutions as a larger deal goes down between it and Sony. http://www.newmedia.com/default.asp?articleID=2897 


Brian Jaffe wonders whether lying to get free technical support constitutes a breach of ethics --- http://cgi.zdnet.com/slink?124051:2700840 


For Trinity University Employees, Friends, and Alumni

The Alumni Office publishes a monthly electronic newsletter called AlumNet -- the oldest one of its kind in the country started in 1994 by Dr. Robert Blystone and Steve Curry. It includes alumni events calendar, alumni news, alumni messages, job listings, and campus updates including faculty news. Its popularity is growing fast among alumni as a medium to strengthen alumni network as well as their connection with Trinity.

AlumNet is sent as an email to its subscribers. If you would like to know about your former students and about alumni activities in different cities, you are welcome to subscribe to it by completing the online form at http://www.trinity.edu/departments/alumni_relations/forms.htm 

You may read AlumNet at http://www.trinity.edu/departments/alumni_relations/ANWEB.htm 

Selim M. Shahabuddin
Assistant Director of Alumni Relations
Trinity University
715 Stadium Drive
San Antonio, TX 78212-7200
Telephone: (210) 999-8491
Fax: (210) 999-8489
Email:
selim@trinity.edu


"More XML Fundamentals," by Michael S. Dougherty, DB2 Magazine, Quarter 3, 2001 --- http://www.db2mag.com/db_area/archives/2001/q3/webdev.shtml 

Before you can begin to develop with XML, you've got to know the basics.

When determining how to implement XML with a database, one of the first points to consider is whether the XML implementation will encompass data storage or the overall design of Web pages or will be used primarily for document management. This question is important because using XML with document management is very different than using XML with data storage retrieval. XML handles document management with the Document Object Model (DOM) using a native XML database (one designed specifically for XML storage) or a content management system (an application designed to manage documents that is built with native XML). DOM is an API for accessing content within a Web browser that is written to include information about document structure. DOM allows the developer to dynamically access and update the content, structure, and style of documents. Using the DOM is excellent for document management, but often is not necessary for data management. In spirit with the first installment of this article, we shall focus on data management.

XML has the advantage of being able to change data types when transferring data from one source to another. However, as the technology develops, XML databases are adopting more traditional database characteristics and traditional databases have gained XML database compatibility, so the approaches are starting to overlap.

In the last article, the author described how to use XML to connect to DB2 UDB. Because DB2 is a relational database, the most common connection mechanisms include Microsoft's Open Database Connectivity (ODBC), Sun's Java Database Connectivity (JDBC), and newer hybrids such as Object Linking and Embedding (OLE). The main liability of using these class libraries, as well as those that access native database drivers, is that they are too complex for standard XML use.

Currently, XML interfaces provide the best support for update, delete, insert, and query messages. The interface for handling multiple objects in the database will not be much more complex. Therefore, the XML classes in the development environment provide simple functionality, and may not be sufficient for the types of connectivity requirements of some applications.

To close this gap, a persistent layer to access the database is recommended to allow the programmers to focus on programming and the database administrators to focus on managing the database. A persistent layer should encapsulate the permanent storage mechanisms, separating the programmer from changes. If a table is updated or modified, the XML code should not make direct updates; instead, updates should be made through a data dictionary, which provides the information needed to map objects to tables. Using this method, only the data dictionary changes, and the dictionary is much simpler and safer to update.

USING XML WITH DATABASES

The primary use of relational databases like DB2 UDB 7.2 with regard to XML is to integrate XML styles, tables, and object mapping to the dynamic appearance of Web pages. When mapping data with XML and relational databases, you can choose from several options. Remember that XML is basically a hybrid similar to object databases in data modeling, so it can represent data from an RDMS adequately.

There are plenty of software products that effectively and automatically map XML objects and classes to relational database tables and directly into XML databases. Database vendors such as IBM, Microsoft, Oracle, and Sybase have developed tools to assist in converting XML documents into relational tables. (You'll find an extensive list of available products at www.rpbourret.com/xml/XMLDatabaseProds.htm.)

For DB2, IBM offers the DB2 XML Extender, which lets you store XML documents either as binary large object (BLOB)-like objects or as decomposed data in a set of tables. The latter transformation, known as XML collection, is defined in XML 1.0 syntax.

The IBM Extender provides two methods for using XML:

1. XML columns, which store entire XML documents as DB2 column data.

2. XML collection, which compose or decompose XML documents from or into a collection of relational tables.

DTDs are stored in a DB2 table called DTD_REF. Each DTD in the DTD_REF table has a unique ID. The mapping between the database tables and the structure of the XML document is defined using the Data Access Definition (DAD) file. The DAD references a processed DTD, thus providing the connection between an XML document, its DTD, and DB2 database tables. A short DAD example for an online contact definition follows:


   <?xml version="1.0"?>
   <!DOCTYPE DAD SYSTEM "exampledad.dtd">
   <DAD>
   <dtdid>CONTACTS.DTD</dtdid>
   <validation>YES</validation>
   <Contact_List>
   <prolog>?xml version="1.0"?</prolog>
   <doctype>!DOCTYPE CONTACT CONTACT.DTD </doctype>
   <root_node>
   <element_node name="CONTACT">
   <RDB_node>
   <table name="ONLINE_CONTACT"/>
   <table name="REFERENCES" key="ID"/>
   </RDB_node>
   </element_node>
   </root_node>
   </Contact_List>
   </DAD> 

The DAD defines a mapping between XML elements and relational database columns using element_node to RDB_node associations.

For other parts of the article, go to  http://www.db2mag.com/db_area/archives/2001/q3/webdev.shtml 

Bob Jensen's threads on XML, XLink, XHTML, XBRL, XForm, XSLT, RDF and Semantic Web --- http://www.trinity.edu/rjensen/xmlrdf.htm 




Flame Warriors humor and pictures --- http://www.winternet.com/~mikelr/flame1.html 
This is a very interesting site.  Check it out.

Parodies and Satire
Brothers Grin --- http://www.brothersgrinn.com/ 


Some More Epitaphs (these were purportedly seen on actual tombstones)

No farewell words were spoken,
No time to say goodbye,
You were gone before we knew it,
And only God knows why.

Don't sweat the small stuff
It's all small stuff

Ma Loved Pa, 
Pa Loved Women, 
Ma caught Pa with one in swimmin'. 
Here Lies Pa

Also see http://seniors-site.com/funstuff/epitaphs.html 


Forwarded by Dick Bartel

"That is the largest diamond I've ever seen in my life," said a man to the woman beside him in the first class section of an airplane flying from New York to London.

"It's a genuine Koffermann," she replied.

"It's an absolutely beautiful ring," he complimented.

"But it came with a curse," she frowned.

"A curse?" he questioned.

"Yeah, Mr. Koffermann," she sighed.


Forwarded by Ken Petty

A few basic English writing/speaking rules.............

1. Verbs HAS to agree with their subjects. 

2. Prepositions are not words to end sentences with. 

3. And don't start a sentence with a conjunction. 

4. It is wrong to ever split an infinitive. 

5. Avoid clichés like the plague. (They're old hat) 

6. Also, always avoid annoying alliteration. 

7. Be more or less specific. 

8. Parenthetical remarks (however relevant) are (usually) unnecessary. 

9. Also too, never, ever use repetitive redundancies. 

10. No sentence fragments. 

11. Contractions aren't necessary and shouldn't be used. 

12. Foreign words and phrases are not apropos. 

13. Do not be redundant; do not use more words than necessary; it's highly superfluous. 

14. One should NEVER generalize. 

15. Comparisons are as bad as clichés. 

16. Eschew ampersands & abbreviations, etc. 

17. One-word sentences? Eliminate. 

18. Analogies in writing are like feathers on a snake. 

19. The passive voice is to be ignored. 

20. Eliminate commas, that are, not necessary. Parenthetical words however should be enclosed in commas. 

21. Never use a big word when a diminutive one would suffice. 

22. Use words correctly, irregardless of how others use them. 

23. Understatement is always the absolute best way to put forth earth- shaking ideas.

24. Eliminate quotations. As Ralph Waldo Emerson said, "I hate quotations. Tell me what you know." 

25. If you've heard it once, you've heard it a thousand times: Resist hyperbole; not one writer in a million can use it correctly. 

26. Puns are for children, not groan readers. 

27. Go around the barn at high noon to avoid colloquialisms. 

28. Even IF a mixed metaphor sings, it should be derailed. 

29. Who needs rhetorical questions? 

30. Exaggeration is a billion times worse than understatement. 

And the last one... 
31. Proofread carefully to see if you any words out.


A famous old song by Irving Berlin

When I'm worried
And I can't sleep
I count my blessings
Instead of sheep
And I fall asleep
Counting my blessings
When my bankroll
Is getting small
I think of when
I had none at all
And I fall asleep
Counting my blessings

I think about a nursery
And I picture curly heads
And one by one I count them
As they slumber in their beds
If you're worried
And you can't sleep
Just count your blessings
Instead of sheep
And you'll fall asleep
Counting your blessings




And that's the way it was on August 10, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

 

Links to the following accountancy documents:

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

  Hline.jpg (568 bytes) Hline.jpg (568 bytes)

 Hline.jpg (568 bytes)

 

August 3, 2001


Quotes of the Week

Theory is: 
"A theory is a set of statements, including some law-like generalizations, systematically and logically related such that the set implies something about reality." 
Donald Darnell
http://zimmer.csufresno.edu/~johnca/spch100/sumppt/sld004.htm 

Reality is: 
"Reality is that which, when you stop believing in it, it doesn't go away." 

Phillip K. Dick --- http://www.texoma.com/personal/twining/school/metalib/10-1.htm 

Enrollment in higher-education distance-learning programs in the state of Illinois has risen 44 percent from spring of 2000, reports the Illinois Virtual Campus (IVC), a joint project of the University of Illinois and the Illinois Board of Higher Education.
EDUCAUSE, August 2001, Page 6.  (See Below)

By late Spring, govWorks had 250 employees on the payroll.  "Like many Internet companies, govWorks fell prey to the growth-at-all-cost craze." according to court documents.
Ryan Nariaine, Silicon Alley News (See below for full citation and related articles on a govWorks video)
Trivia Question:  How far is Silicon Alley from Silicon Valley? 
Answer: By land:  2,930 miles east; By air:  2,573 miles east
Driving distance calculator --- http://www.convertit.com/Go/Maps/Calculators/Geography/Driving_Distance_Calc.ASP 
Flying distance calculator --- http://www.convertit.com/Go/Maps/Calculators/Geography/Flying_Distance_Calc.ASP 

Many intangible assets have determinable cost, but some people question whether cost is a relevant measurement for internally generated intangibles.  They argue that there is a degree of correlation (in the general, not in the mathematical, sense) between cost and future benefits of a purchased asset.  The price (the initial cost) of an aircraft, a drill press, or a patent reflects the ability of that asset to produce future benefits.  If that correlation did not exist, no business would pay the price asked by the seller.  The same cannot be said of discovered assets.  Two drug projects may cost the same to develop but may produce radically different revenue streams.  There is an old saying for this in the oil business:  What you spend does not matter;  what you find does."
Comments by Wayne Upton in Intangibles by Baruch Lev (Brookings Institution Press, 2001, p. 199).  ISBN 0-2157-0093-8.  The book is not online, but a document written by Wayne Upton for the FASB is online at http://accounting.rutgers.edu/raw/fasb/new_economy.html 

In the fashion of women trading recipes, she (Katherine Graham) was asked how she did it, and she replied by way of food. “It was different for women of my generation,” she said. “We did it like a cake, layer by layer.”
     Those younger women to whom life has become more like a fruitcake, way too much going on in one big block, have learned to covertly admire the fortitude of women like that one, women who lived one sort of life under the old rules and then managed to re-create themselves and succeed under the new ones. There are examples of the breed in their law firms and college classrooms, among their mothers and their acquaintances. The grande dame of them all was Katharine Graham, and when she died last week women who might seem to have little in common with her mourned the loss.
Anna Quindlen, "A Good Girl, A Great Woman," Newsweek, July 30, 2001, Page 84

For now we see through a glass, darkly,
but then face to face;
now I know in part, but then shall I know
even as I am known.

--- I Corinthians 13:12, King James Bible



Wow Workshop on August 11 (Saturday)  in Atlanta --- http://accounting.rutgers.edu/raw/aaa/2001annual/cpe/cpe1.htm 
Plus Don Carter's Update on
the new Chartered Accountancy School of Business in Canada

Good vs. Bad Online Content for Learning: How the Pros Design, Author, Test, and Deliver Knowledge Portals and Online Courses for Prestigious Universities and Online Supplements for Publishing Companies

Description/Objectives:
The first theme of the workshop is on the purpose, design, and implementation of Fathom, which Yahoo honored as the world's "Best Learning Portal." Fathom is operated by a partnership that includes the following:

  1. Columbia University
  2. London School of Economics and Political Science
  3. Cambridge University Press
  4. The British Library
  5. Smithsonian Institution's National Museum of Natural History
  6. The New York Public Library
  7. University of Chicago
  8. American Film Institute
  9. RAND
  10. Woods Hole Oceanographic Institution

Dr. Kirschenheiter from Columbia University will make the Fathom presentation. The Fathom website is at http://www.fathom.com/index.jhtml

A second theme is how the pros design, author, test, and deliver online courses. UNext Corporation owns Cardean University and has partnered with five prestigious universities (Carnegie-Mellon, Chicago, Columbia, Stanford, and the London School of Economics) to deliver online courses owned and controlled by those universities. The pros in this case are instructors with UNext Corporation. This portion of the workshop is especially designed for persons interested in online MBA programs and executive development programs. The UNext website is at http://www.unext.com/. News Item: http://www1.worldbank.org/education/tertiary/news_archive/0424e0.html

A third theme is how the pros design, author, test, and deliver online supplements for publishing companies. Dr. Walsh will make a presentation on how he designed his online supplements for Prentice Hall's basic accounting textbook by Horngren, Harrison, and Bamber. This portion of the workshop is especially designed for the basic accounting instructors and online textbook supplement users. Dr. Jensen will provide a module in the workshop. He will focus on the latest happenings in education technologies around the world. Web sites of particular interests are as follows:

http://www.trinity.edu/rjensen/default2.htm
http://www.trinity.edu/rjensen/254soft1.htm

Format/Structure:
The speakers will make presentations in rotation, leaving about 10 minutes at the end of each presentation for questions. As much time at the end of the day will also be allowed for questions and answers.

Intended Audience:
Anybody may attend this workshop

Presenters:
Robert Jensen, Trinity University 
Michael Kirschenheiter, Columbia University
Steven Orpurt, University of Chicago
Robert Walsh, Marist College
Don Wortham, UNext.com

This day-long session is turning into a bigger event than I had planned.  There will be an added (sixth) speaker, Don Carter, discussing the Chartered Accountancy CA School of Business --- http://www.casb.com/ 

I discovered that Michael Maher from UC Davis, who is signed up to be in the audience, will be teaching a UNext course in managerial accounting.  This means that in addition to a Vice-President, Don Wortham, from UNext Corporation, we will have three professors responsible for some UNext graduate-level accounting courses:  Michael Kirschenheiter (Columbia University), Michael Maher (UC Davis), and Steve Orpurt (University of Chicago).

Michael Maher wrote the following:

I look forward to the session. I am doing a course for Unext (just starting). More importantly, I am doing research here at Davis on the efficacy of online ed in large undergrad courses (grant from the Mellon Foundation).

The new Chartered Accountancy School of Business in Canada
Don Carter also signed up to be in the audience.  I received the following message from Don Carter in Canada (as a result of this message, Don will have a few minutes in the August 11 program to outline the CASB program and answer questions about it):

Hi Bob,

Thank you very much for your prompt response to my phone message. We are very excited about what we have accomplished in our new CA School of Business program. The CA School of Business (CASB) was incorporated last summer as a partnership of the Institute of Chartered Accountants of B.C., Alberta, Saskatchewan, Manitoba, Yukon and Northwest Territories. Once we phase in all existing students across western Canada, we will have approximately 2,500 students taking the program. CASB will be responsible for delivering the graduate level professional qualification program to become a Chartered Accountant in western Canada. Students enter the program with a four year undergraduate degree. Perhaps the easiest way to describe what we are doing is that we delivery the equivalent of your fifth year programs in the U.S. but through the profession itself rather than universities.

Our program is based on the new Canadian CA Competency Map and one of its unique features is that it is fully integrated across the six major competency areas of Organizational Effectiveness, Control and Risk Management, Finance, Performance Measurement, Tax, Information Technology and Assurance. The program will consist of six core modules and two focus modules and follows what we refer to as a "life-cycle of a business" approach. Module 1 begins with a small business start-up as a proprietorship, in Module 2 it incorporates, in Module 3 it acquires other businesses and becomes involved in international operations, in Module 4 we introduce NPOs and Controllership issues and finally in Module 5 we address strategic management issues and take the company public. As mentioned earlier, each module is fully integrated across the six competency areas. The following Excel File may help to see how we have developed the curriculum for the first five modules.

<<CASB Curriculum Framework.xls>>

Module six will consist entirely of evaluation including our new national Uniform Evaluation but also including evaluation of a number of the pervasive competencies that cannot be assessed on a written evaluation.

Finally, Modules 7 and 8 will enable the students to "drill down" in one of the major competency areas of their choice and hopefully serve as a platform for "life-long learning" and perhaps specialization. Our plan is to also make these two modules available to existing CAs to help them "retool" and acquire the broader skill set advocated by the 1996 CICA Vision Report.

In addition to being competency-based, the program is also "learner-centered" with primary emphasis on facilitated learning rather than teaching. Each model consists of ten weeks of on-line facilitated learning followed by a three-day interactive face-to-face session where the students will be involved in group work, presentations etc. to facilitate development and evaluation of the pervasive competencies set out in the grey column on the Curriculum Framework.

The entire program, which will take 24 months to complete, (our experience requirement is 36 months) is one giant case simulation. A student entering the CASB program becomes a student of a simulated CA firm named Parkhurst & Loewen (P&L). That firm has a series of clients and those clients involve a series of engagements on which the student will be involved module by module. One of our primary objectives with this new program is to improve the connection between our education program and the student's work experience. Quite literally, what a student learns this week in a module they can apply on the job the next day.

We are using WebCT as our overall platform for e-mails, bulletin boards and chat-rooms but have designed our content using Flash to provide basic multi-media presentation. We are trying to keep this simple in order to minimize the hardware and software requirements on the student end.

Each student is assigned to a cohort of 30 students. They communicate with their facilitator by e-mail (24 hour turn-around). The facilitators hold "office hours" with scheduled chat-room sessions.

The model is one of "continuous learning" and "continuous evaluation". Students complete a number of tasks for each unit (usually a week) and submit them as an e-mail attachment to a reviewer (48 hour turnaround). The review is competency-based and if competency is not achieved on the original submission, the reviewer will identify the deficiencies and provide guidance on how to achieve the required competency. Students must re-submit all tasks until competency is achieved. Our experience to date is that the re-submission rate at the start of the first module is around 50% but tails off as students become more comfortable with the competency-based approach.

We are trying to dramatically change the culture by taking the emphasis away from "memorization" to pass an exam and onto a "research" focus where the student learns where to find the information needed to address an issue, how to evaluate and analyze that information and how to convert it into a recommendation to a client or an internal management decision. By changing our pedagogy in this fashion we no longer have to "cap the syllabus" to meet reasonable expectations of students. The students will now be exposed to, and hopefully feel comfortable working with, a much broader content domain and the "finished product" will be much stronger than one who memorized GAAP, GAAS and the Tax Act.

We have built this program in an unbelievably short period of time. We have developed the first three modules to date. We have approximately 700 students taking Modules 1 or 2 this summer and are currently piloting Module 3.

The entire program is electronic. Students are required to have word-processing and spreadsheet capability. We provide Tax software and Caseware for working paper production as well as the CICA Virtual Professional Library which is a very powerful research tool on CD ROM.

Since they say a picture is worth a thousand words, I am going to provide CONFIDENTIAL access to our student web site which is password protected and only accessible to students registered in a module.

Http://XXXXX

User Name: XXXXX Password: XXXXX

Let me suggest that you begin with my introduction to the unique features of the program, then go into Weeks 1 and 2 of Module 1, then go into the P&L website (some fun stuff but main item is the resource library).

I would be happy to answer any questions as I am sure that I have missed many elements of our model in my attempt to describe it above. My direct line is (604) 488-2635 and you have my e-mail: carter@casb.com .

Regards,

Carter, Don [carter@casb.com

Message 2 from Don Carter

Hi Bob.
 Thank you for your prompt reply. I have one request and that is before you reproduce my message in New Bookmarks that you delete the link to the actual module web site which is proprietary. There is a demo version of the first module in our public website, http://www.casb.com  which will provide any reader with an idea of our module format. Other than that I am very pleased to have you post to your New Bookmarks. I also appreciate very much the invitation to dinner and to possibly share with the participants on Saturday. 
Regards, 
Don.

Message 1 from Janet Flatley on August 2, 2001

Dear Mr. Carter:

I am fascinated and impressed with the CASB program as described in your letter to Prof. Jensen and the web site. My first reaction was "of course!" to the concept of an ongoing melding of real world experience with the academic world of electronic case simulation.

Given the hand-wringing occurring in the States regarding the lack of students entering accounting, I hope our own AICPA and state societies take a serious look at the CASB concept ... surely a better use of member dues than the controversial marketing of the XYZ designation!

Best wishes for your success,

Janet Flatley 
AVP-Controller 1st Fed S&L Assn 
Pt Angeles WA


"Lessons e-Learned Q&A with Richard Larson," Technology Review, July 31, 2001 --- http://www.techreview.com/web/leo/leo073101.asp 

We have the technology to reinvent teaching, says MIT's distance-learning guru, but do we have the will?

(The introductory portion of the interview is not quoted here.  In the quotation below, I have highlighted some comments of special interest to me.)

TR: Tell me about distance learning at MIT.

LARSON: We teach a battery of educational programs for PBS's business and technology network, a for-profit spinoff of PBS. We teach courses in e-commerce, supply chain ventures and wireless. The market is very interested in courses that bridge technology and management. We are developing a business plan for a scaled version of the PBS venture called Knowledge Updates. Courses will be decided by market demand. If a professor says I want to teach a course on Latin engravings on sunken vessels, I might say there's not much market demand for that.

TR: Last spring, MIT announced the OpenCourseWare initiative (see "MIT to Show All"). Is that distance learning?  (See http://www.trinity.edu/rjensen/crossborder.htm#TeacherTraining )

LARSON: OpenCourseWare is an MIT initiative to publish on the Web the syllabus, course notes and related textual content, like problems sets and their solutions or quizzes and their solutions, and to make it available to all, worldwide. With OpenCourseWare, there is no e-mail or other contact with MIT staff. It's a one-way publication activity. So OpenCourseWare is not what we consider distance learning, any more than a library is distance learning or any public Web site without feedback or interactivity is distance learning.

Now, an individual who sees some content of interest on an OpenCourseWare site may want to take an actual course or short learning activity from MIT or from elsewhere. So, in that way, OpenCourseWare may stimulate the learner's desire to take more formal courses—at a distance or on a campus, from MIT or from elsewhere.

TR: You conduct a distance-learning program with two universities in Singapore. How does that work?

LARSON: You can't get further from MIT than Singapore. Singapore from here is this way [points straight down]. We use Internet2 for connectivity. There's no statistical difference in performance between distance learners and classroom learners. And when there is a difference, it favors the distance learners.

TR: So what does a distance-learning class look like?

LARSON: We do them with high production quality and broadcast them live by satellite and asynchronously via the Internet. We chunk up the content into ten-minute bits. We cue the professor every ten minutes to take a sip of coffee.

"We broadcast live by satellite and asynchronously via the Internet." (Illustration by Matthew Bouchard)

TR: Do you run into misconceptions about distance learning?

LARSON: A lot of my colleagues, who are otherwise impeccable scientists, make statements like "there is no substitute for face-to-face learning." I take that as a research hypothesis. Some might say, "We all know the on-campus experience is the best in the world." It's certainly the most expensive.

The blackboard is basically an adaptation of cave drawings. In thirty thousand years there has been the invention of the eraser. A lot of my colleagues say asynchronous learning is revolutionary, but cave drawings are an example of that. The artist shared what he knew about buffalo, or what-have-you, and the painting made it asynchronous. The printing press revolutionized asynchronous learning.

I have this image in my mind. In the early 1800s, the Dewitt-Clinton steam engine was invented. They had a steam engine, but nothing for it to pull, so they hitched together three stagecoaches. So they had the latest technology, a steam engine, pulling old technology, the coaches. If you take the usual learning, that's the stagecoaches. The engine is the technology available today.

The typical brick-and-mortar university is used to teaching courses as a handcrafted thing. It's been used for centuries. That stagecoach doesn't work with this bullet train engine. To do this right, you have to invest up front in the kind of course students have come to expect. But you can go too far in that direction, too: all flare and no substance.

Until very recently—1995—very few, if any, faculty members reflected on their teaching as an intellectual exercise. Now we have many faculty members devoting a great deal of thought to the question.

TR: Like who?

LARSON: Walter Lewen teaches Newtonian mechanics, a requirement for all MIT first-years. They're some of the most gifted students in the world, but fifteen percent of them flunk [this class]. To help students learn better, we created PIVoT: the Physics Interactive Video Tutor. This was designed not as a substitute, but as another resource. By and large, the students loved it.

TR: How does it work?

LARSON: We give them their professor, on their desktop, 24/7, answering questions, working out problems. He starts with the scariest thing in the world to an engineering student: a blank piece of paper.

Now we're trying to license PIVoT. It could either be used as distance learning or as a course supplement. We have a program with Ford called Masters' Voices. In Ford's brake division, the folks who have craft knowledge are near retirement age. Ford's problem is, how do you capture that before they walk out the door? We created videos of the senior folks talking about brake design, then took the PIVoT shell and populated it with information for Ford's brake design system.

TR: It seems like a lot of companies have tried to build businesses around distance learning—and failed. What happened?

LARSON: There are lots of entities trying to be in the business of distance learning. To keep it simple, let's say there are two kinds: not-for-profit universities and for-profit companies. For universities, the greatest risk of failure is to try to do it on the margin. You have to treat it as a successful business. Stanford University is a huge success story. They've been doing distance learning to Silicon Valley by satellite for twenty-five years. You can get an engineering degree from Stanford off-campus if you qualify. There are many who feel that Stanford would not be where it is today if Stanford had not taken that path.

TR: What about the for-profits?

LARSON: Distance learning is experiencing 25 to 50 percent annual growth. Many companies are trying to capture that market. It's difficult getting that formula right. Some will succeed. Many will fail.

In the for-profit sector, I would point to the University of Phoenix, owned by Apollo Group. The fastest growing part of their business is distance learning. Other for-profits, like Pensare and Caliber, have not succeeded. Many of these dotcom startups didn't do any mid-course correction when they saw their plan was in trouble.

TR: You often speak of the importance of "high touch." What is high touch?

LARSON: High touch means interactivity. We set up a three-layer pyramid. The first layer is people we hire and train to handle technical questions and some questions about content. If a question is too difficult, it's bumped up to the next level, a team of teaching assistants. Questions too difficult for them are bumped up to the professor.

On the other side, no high touch means no feedback. The dropout rate for this model—when there's only teaching by text—is 70 percent.

The other aspect of high touch is that we pair up the students, who probably will never meet each other, for projects. We had a bilingual student from Buenos Aires teamed up with a Boeing engineer, for example. The best high-touch is when students learn more from each other.

We polled MIT students on various ways of learning, from large lectures to small classes to textbooks to independent reading to informal discussions among students. From twelve ways to learn, what do you think ranked highest? It was the peer discussions. And what do you think ranked lowest? The large lecture.

TR: What would you do to make this article more high touch?

LARSON: Let's redesign a stagecoach. We'll create a threaded discussion group and invite people to contribute. I want to find out what the marketplace wants from us.


Accountancy Discussion Forums:

AECM (Educators)  http://pacioli.loyola.edu/aecm/ 
AECM is an email, Listserv list which provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc
CPAS-L (Practitioners)  CPAS-L@Listserv.Loyola.Edu 
CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.
Yahoo (Practitioners)  http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA. This can be anything  from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.

  


Blackboard Testimonial Videos from Northwestern University Faculty (Free Downloads) --- http://www.at.northwestern.edu/blackboard/ 
Most Windows users will want to choose the Windows Media versions.

Trinity University faculty may access these video files on my Drive J on the LAN network path 
J:\blackboard\northwestern
 
These videos play on my Windows Media Player.  On my rather dated and slow computer, the audio works great, but the video gets somewhat out of synchronization with the audio.  Nevertheless, I liked these free video testimonials about using the Blackboard system.  You can read more about Blackboard at http://www.trinity.edu/rjensen/blackboard.htm 

These are brief testimonials from Blackboard-using faculty from Northwestern University:  Dwight Conquergood (Professor of Performance Studies), Kathy Spier (Management and Strategies Professor in the Kellogg Graduate School of Business), and Jillana Enteen. (Assistant Professor in the Departments of English and Comparative Literature Studies).  Professor Conquergood was a first-time user of this type of technology, whereas Professor Enteen was a former user of WebCT.  She claims Blackboard is easier to use and more reliable.  (In fairness, WebCT and other competitors have upgraded versions that may make her claims somewhat dated.)   Professor Spier has used Blackboard for two years.

Kathy Spier comments on the advantages for communicating with students in large classes.  Professor Conquergood uses Blackboard in a small class of 14 students in a graduate course.  His students like the discussion boards, which he calls cyber roundtables.  Professor Enteen comments on her use of Blackboard's personalized gradebook.  She also likes the discussion board feature.

Blackboard Training Videos

Blackboard is a web-based course building / e-learning program that enables instructors to present course content to their students on the web. No programming skills are needed! It is easy to use and very powerful. Many faculty members are using it already to enhance the traditional classroom with offerings, including:

Training Tutorials

I have a favor to request from you:

If you find some good training sites, CDs, videos, or whatever else related to Blackboard or WebCT, please let me know at rjensen@trinity.edu 
Thanks!

Bob Jensen's History and Future of Course Authoring Technologies ---  http://www.trinity.edu/rjensen/290wp/290wp.htm 


Woody's Microsoft Office Portal

Microsoft Office News and Updates (Windows, Word, Excel, etc.) --- http://www.wopr.com/ 
Woody's Office Portal includes free tips on use of MS Office software and free newsletters
Example: the Placebar Customizer (for the Start bar in Windows) --- http://www.wopr.com/office2000/placebar.htm

The WOPR PlaceBar Customizer is a powerful tool that allows you to customize the Office 2000 common dialog's Places Bar.

The Placebar Customizer is only available as part of the WOPR 2000 add-in collection, which is included free with Woody Leonhard's new book titled Using Microsoft Office 2000, Special Edition.

The free Journal of Accountancy has a monthly column called Technology Q&A.
This is a great source for tips on how to use MS Office products, particularly tips on using Excel --- http://www.aicpa.org/pubs/jofa/joahome.htm 


Wow Glossary Site of the Week 
The Glossarist --- http://www.glossarist.com/ 
My minor disappointment is that under the category "Business" there is no sub-category for accounting.  My major disappointment is that The Glossarist misses many of our most important Business glossaries.  But credit must be given where credit is due.  The Glossarist links us to thousands of excellent glossaries.

Links to Nearly 5,000 Glossaries

Bob Jensen's helpers for finding glossaries, may of which are missed by The Glossarist, can be found at http://www.trinity.edu/rjensen/245gloss.htm   

Also see Glossaries at http://www.trinity.edu/rjensen/bookbob3.htm 


Wow New Technology of the Week
"New shirt or cloth keyboard?" by Matthew Broersma, ZDNet News, July 25, 2001 --- http://www.zdnet.com/zdnn/stories/news/0,4586,2798015,00.html?chkpt=zdnnp1tp02 

.U.K. startup ElectroTextiles has demonstrated a keyboard made out of a soft, water-resistant cloth--something the company claims could be a breakthrough for mobile computing and text messaging. The fabric, called ElekTex, can receive and transmit electronic impulses without wiring or circuitry, and it can be folded and put into a pocket. The cloth construction also means that it is lightweight -- 28g -- and damage-resistant.

"People's first impressions are, 'Whoa, it's fabric, it must be a little flimsy.' But it's very durable," ElectroTextiles co-founder Chris Chapman told journalists.

The keyboard, initially for handheld computers, had its preview at the New York Museum of Modern Art and the IT Expo in France this week, and will be on sale by the end of the year.

ElectroTextiles is planning a mobile phone handset that can be squashed and dropped, and a car seat that automatically adjusts to fit its occupant. The company is based at Pinewood Studios, outside of London.

Related Links:
> Mobile Resource Center
> Wearable patents take off
> Suit yourself with a wearable computer
> Goodbye wristwatch, hello wrist-top computer?

Also see Bob Jensen's Threads on Invisible Computing, Ubiquitous Computing, and Microsoft.Net --- http://www.trinity.edu/rjensen/ubiquit.htm 


"Wearable computing comes off the peg," by Will Knight, New Scientist.com, July 27, 2001 --- http://www.newscientist.com/news/news.jsp?id=ns99991086 

The Wearable Internet Appliance (WIA) consists of a 300 gram (11 ounce) palm-top-sized computer and a head-mounted screen. The display is manufactured by a Japanese company called Shimadzu and fits over one eye like half a pair of sunglasses.

The viewable screen is then equivalent to a 33 cm (13 inch) monitor, according to Shimadzu. A small handheld controller allows the user to scroll around the screen and make selections.

The miniature computer will be powered by Hitachi's new 128 MHz RISC processor, providing power close to that of a desktop computer. It will run Microsoft's CE operating system for handheld computers, which features cut-down versions of email and word-processing applications.

Geek chic

Wearable computers been the preserve of hobbyists and computer science researchers for a number of years. This is the first attempt to market such equipment to general consumers.

Hitachi has signed a deal with Xybernaut, a US company that specialises in wearable computer products, to market the computer.

It plans to release the product around Christmas 2001 for roughly $2000, depending on the configuration. Xybernaut will also integrate the computer system with mobile phone technology to provide a range of wireless internet services.

See Bob Jensen's Threads on Invisible Computing, Ubiquitous Computing, and Microsoft.Net --- http://www.trinity.edu/rjensen/ubiquit.htm 

See Bob Jensen's Threads on the Networking of the Five Senses (Sight, Sound, Smell, Touch, and Taste) --- http://www.trinity.edu/rjensen/senses.htm 


Wow Rolling Transcriptions of Audio --- Most educational audio on the Web should probably be like this!

History and Politics Out Loud --- http://www.hpol.org/ 


Cameras: the Technology of Photographic Imaging (History, Photography) http://www.mhs.ox.ac.uk/cameras/ 

Special Collections of the Libraries of The Claremont Colleges 
Accent on Images (Photography, Art, History, Illustrated Books, Bible) http://voxlibris.claremont.edu/sc/events/accent/Lo_AccentonImages.htm 

15th and 16th Centuries
18th Century
19th Century
20th Century: 1901 - 1950
20th Century: 1951 - 1996

From Infobits on July 27, 2001
Note that two of the authors of the article below are accounting professors.

PREPARATION FOR IMPLEMENTING WEB-BASED CURRICULA

The article "Twelve Important Questions to Answer Before You Offer a Web Based Curriculum" (by M. Khris McAlister, Julio C. Rivera, and Stephen F. Hallam in ONLINE JOURNAL OF DISTANCE LEARNING ADMINISTRATION, vol. IV, no. II, Summer 2001) "outlines twelve key questions that those responsible for developing and offering Web based education at academic institutions will need to address." The questions online curricula planners and administrators should answer include:

"Will the Web curriculum offered be congruent with the institution's mission and strategy?" "How will you compensate instructors for offering or administering Web courses?" "How will student progress be assessed?" "Where will the class materials be maintained?"

McAlister is a Professor and Rivera is an Associate Professor in the University of Alabama at Birmingham Department of Accounting and Information Systems. Hallam is Dean of the College of Business Administration at The University of Akron. The complete article is available online at http://www.westga.edu/~distance/ojdla/summer42/mcalister42.html 

The Online Journal of Distance Learning Administration is published quarterly by the Center for Distance Education, The State University of West Georgia, 1600 Maple Street, Carrollton, GA 30118 USA; Web: http://www.westga.edu/~distance/jmain11.html 


The AAA Teaching and Curriculum Section is pleased to announce that the Summer 2001 edition of The Accounting Educator, the Section Newsletter, is available on the T&C web site at:

http://accounting.rutgers.edu/raw/aaa/tccomm/newsletters/index.htm 

Please share this information with your colleagues.

Janet Cassagio [jsbkc@prodigy.net


On July 30 CBS repeated "Online U."  On February 18, 2001, 60 Minutes first aired the program called "Online U." You can access the video of this show from the University of Phoenix Online web site at www.uoponline.com   (Click on View the CBS 60 Minutes Segment.)

You must have streaming video hardware/software for this show that takes a rather dim view of the future of traditional higher education (I think the show went too far in questioning the future of onsite classroom education in the top universities of the world such as Harvard.) 

Watch the segment for yourself. Then you can be the judge. 


Enrollment in higher-education distance-learning programs in the state of Illinois has risen 44 percent from spring of 2000, reports the Illinois Virtual Campus (IVC), a joint project of the University of Illinois and the Illinois Board of Higher Education.
EDUCAUSE, August 2001, Page 6. 

The IVC homepage is at http://www.ivc.illinois.edu/ 

Did you know that many colleges and universities in Illinois are offering academic courses and even entire degree programs over the Internet? The IVC is your gateway to this exciting new world in higher education.A D A browser users, click here to skip general menu and go directly to the content text.

The IVC is a directory of distance courses, certificate, and degree programs offered by Illinois colleges and universities. Connect to thousands of online and other distance learning courses and programs.

Get started as an online student in the Student Center. Find online resources that can help you be a successful student, or access a map of our 40 Illinois Student Support Centers.

The IVC recognizes that business and industry have unique needs for their employees, and we know that Illinois colleges and universities can help them meet those needs. Find contact information for becoming an IVC business and industry partner.

Find resources needed by Illinois colleges and universities to participate as a provider of content.

Student Support Center staff are active partners with the IVC and need access to administrative resources. This page links to internal IVC documents, reports, and procedures.


One of the largest campuses on the Internet --- The University of Wisconsin http://www.wisc.edu/wiscinfo/outreach/ 
Over 100,000 registered online students.

They Blazed the Trail for Distance Education (History) by James Gooch --- http://www.uwex.edu/disted/gooch.htm 

In this paper on trends in continuing education the author, who was formerly program information director for outreach services at the University of Wisconsin in Madison, reviews delivery systems that have made distance education possible and practical. The review begins with the introduction of correspondence study classes for off-campus students in 1891 and extends to today's computerized and satellite-delivered systems that make extension classes available to adult students worldwide.

University of Wisconsin's Distance Education Clearinghouse --- http://www.uwex.edu/disted/home.html 

Keeping Current

dot Today's Distance Education Headlines
dot Journals, Bibliographies and Other Readings
dot Conferences
dot Funding and Legislation
dot Wisconsin News


A Few of the Highlights

dot InfoSource
dot Distance Education Systemwide Interactive Electronic Newsletter (DESIEN)
dot Annual Conference on Distance Teaching and Learning
dot The Governor's Wisconsin Educational Technology Conference (GWETC)
dot Virtual Initiatives for Technology, Teaching and Learning (VIT2AL)


Program Resources and Courses

dot University of Wisconsin Distance Learning Catalog
dot Certificate Programs
dot Collaborative Nursing Program
dot Learning Innovations
dot Additional Program Information


Technologies

dot Interactive Delivery Systems
dot Networks
dot Compressed Video
dot Satellite
dot Web Development Resources
dot Wisconsin Association of Distance Education Networks (WADEN)


New to Distance Education?

dot Definitions
dot Glossaries
dot Introductory materials


Places and Services

dot Instructional Communications Systems
dot The Pyle Center at the University of Wisconsin
dot University of Wisconsin's HELP-ONLINE
dot Wisconsin Agencies, Organizations and Institutions
dot A*DEC Distance Education Consortium
dot Products, Associations and More Distance Education sites

The University of Washington Offers Free Online Short Courses --- http://www.outreach.washington.edu/about/releases/20010521freecourse.asp 

University of Washington Distance Learning Resources (Including Links to Programs) --- http://www.washington.edu/students/distance/ 


Forbes Best on the Web Directory --- http://www.forbes.com/bow/b2c/main.jhtml 

Bob Jensen's Threads on International Distance/Distributed Education --- http://www.trinity.edu/rjensen/crossborder.htm 


From Infobits on July 27, 2001

VISIBLE KNOWLEDGE PROJECT

The Visible Knowledge Project (VKP) is a five-year collaborative project focused on "improving the quality of college and university teaching through a focus on both student learning and faculty development in technology-enhanced environments."

In the course of the project faculty on twenty-five campuses will "design and conduct systematic classroom research experiments focused on how certain student-centered pedagogies, enhanced by a variety of new technologies, improve higher order thinking skills and significant understanding in the study of history, literature, culture, and related interdisciplinary fields."

Resources generated by the project will include: -- a set of curriculum modules representing the reflective work of the faculty investigators; -- three research monographs capturing the findings of the project; -- a set of multimedia faculty development resources; -- a set of guides, directed at students, for novice learners to better use primary historical and cultural material on the Internet; and -- a set of online faculty development and support seminars, for the investigating faculty, faculty on the core campuses, and graduate students participating in the Project's professional development programs.

For more information about VKP, link to http://crossroads.georgetown.edu/vkp/ 

The Visible Knowledge Project is based at Georgetown University's Center for New Designs in Learning and Scholarship (CNDLS). For more information about CNDLS, see their website at http://candles.georgetown.edu/ 

Project partners include the American Studies Association's Crossroads Project, the Center for History and New Media (George Mason University), the American Social History Project (CUNY Graduate Center), the Carnegie Foundation for the Advancement of Teaching, and the TLT Group with the American Association for Higher Education.

Bob Jensen's threads on Assessment are at http://www.trinity.edu/rjensen/assess.htm 


From Infobits on July 27, 2001

NEW JOURNAL ON INFORMATION AND COMPUTER SCIENCES TEACHING AND LEARNING

INNOVATIONS IN TEACHING AND LEARNING IN INFORMATION AND COMPUTER SCIENCES ELECTRONIC JOURNAL (ITALICS) is a new a peer-reviewed online journal published by the Learning and Teaching Support Network Centre for Information and Computer Sciences (LTSN-ICS). ITALICS Electronic Journal will contain papers on current information and computer sciences teaching, including: developments in computer-based learning and assessment; open learning, distance learning, collaborative learning, and independent learning approaches; staff development; and the impact of subject centers on learning and teaching. 

The journal is available, at no cost, at http://www.ics.ltsn.ac.uk/pub/italics/index.html 


For now we see through a glass, darkly,
but then face to face;
now I know in part, but then shall I know
even as I am known.

--- I Corinthians 13:12, King James Bible

Wow Article on The Future of Education

"Through a Glass Darkly:  Anticipating the Future of Technology-Enabled Education," by Thomas P. Hughes, EDUCAUSE, August 2001, pp. 16-26

The main contribution of this article is the summary of alternative futures ("Patterns" for education technologies.


Got some digital pictures that you want to display on your site? Todd shows you how to create a photo gallery using PHP --- http://hotwired.lycos.com/webmonkey/01/27/index3a.html 


From TheRegister on July 23, 2001 --- http://www.theregister.co.uk/content/6/20566.html 
"Israelis get world's first McDonald's cybercafe," by Linda Harrison

McDonald's has opened its first cyber fast food outlet.

The restaurant, in Tel Aviv, Israel, has more than 20 computer terminals where customers can surf the Net, Reuters reports.

To get online, punters buy a token for around $2 at the counter. This entitles them to 20 minutes on the Web - or just enough time to wolf down a kosher Big Mac and fries.

"It reflects the lifestyle of youngsters in Israel and in the world - to eat fast food and use the Internet at the same time," Omri Padan, McDonald's Israel CEO, told Israel Radio.

The tech-savvy 120 seat burger joint also sells software and has facilities where kids can play computer games for free.

See Also
e-cash for Big Macs
McDonald's revamps chip business


Wow Sharing (Open Sharing) Site of the Week 
EDUCAUSE Effective Practices and Solutions --- http://www.educause.edu/ep/ 

EDUCAUSE has developed this Effective Practices and Solutions (EPS) service to

This service is entirely member-driven; its success depends on your willingness to share your successes with your colleagues to help them save time and resources. The more practices contributed to the service, the more valuable it will become. Please note that practices in the EPS database have been identified as effective and replicable by their contributors; their value has not been judged by EDUCAUSE. 

For Bob Jensen's threads on International Teacher Training and Lesson Sharing, go to http://www.trinity.edu/rjensen/crossborder.htm#TeacherTraining 


Wow Professor of the Week Who Creates a Stir by Contradicting Himself
"results are already reverberating through the community of Internet researchers"

"Professor Who Once Found Isolation Online Has a Change of Heart," by Lisa, Guernsey, The New York Times, July 26, 2001 --- http://www.nytimes.com/2001/07/26/technology/circuits/26SADD.html 

Three years ago, Robert Kraut, a professor at Carnegie Mellon University, released a shocking study of the Internet's impact. According to his findings, heavy Internet users reported increases in loneliness and depression and saw the size of their social networks decline over time.

The conclusions, which became the subject of many reports in the news media, including one on the front page of The New York Times (news/quote), led many technophiles and prominent social scientists to sputter in disbelief. Could the Internet — a presumed tool of connectivity and community — actually be causing people to feel more isolated and alone?

Now Dr. Kraut is causing a stir yet again. He has new data from a more recent survey that in many respects contradicts his original research. Following up with the subjects of his first study, he found that the symptoms of depression had declined and that loneliness no longer appeared to be significantly associated with Internet use.

"A three-year follow-up of the original sample found that negative effects dissipated," writes Dr. Kraut and his research team in a peer-reviewed analysis of the data that is to be published in the Journal of Social Issues next spring.

The results are already reverberating through the community of Internet researchers, many of whom have heard Dr. Kraut discuss his work at academic conferences this summer. Scholars say they are eager to peruse the study, which will be posted on a Carnegie Mellon Web site in the next month. "There was an audible buzz in the room" when Dr. Kraut started to discuss his findings, said Lee Rainie, director of the Pew Internet and American Life Project in Washington. Several scientists in the audience, he said, had a reaction along the lines of: "Aha. We knew this was true. It was only a matter of time."


Easy CD Creator 5 Platinum --- http://www.roxio.com/en/products/cdrpc.jhtml 

Easy CD Creator 5 Platinum for Windows 95/98/NT/2000/Me goes way beyond the software that came with your CD recorder. Now you can burn and share anything on CD - your music just the way you like it, your photos, your videos - even backup your critical data - faster and easier than ever.

A utility called Spin Doctor in the above package allows you to record audio directly into MP3 formats on a hard drive.  There are other utilities for editing and burning the files to a CD-R or a CD-RW disk.

Bob Jensen's other threads on audio recording can be found at http://www.trinity.edu/rjensen/000aaa/newfaculty.htm#Resources 


A great listing of links --- http://www.jefferson.lib.la.us/reftestp.htm 
Jefferson Parish Library


The New Generation of Classic Short Stories (Literature)
Zoetrope: All-Story http://www.all-story.com/ 

Zoetrope: All-Story Wins 2001 National Magazine Award for fiction Zoetrope: All-Story wins the 2001 National Magazine Award for fiction, beating out some stiff competition: The New Yorker, The Atlantic Monthly, Esquire and GQ. We would like to congratulate our writers, Robert Olen Butler, Rebecca Lee, and Stacey Richter and present their award-winning stories.


I fixed the link to the Murthy and Groomer onlne textbook called Accounting Information Systems at http://www.cybertext.com/ 

Hi Bob.

Thanks for adopting our book once again. We really appreciate your support. We strive to make the AIS book the best book in the market.

On an information note, please note that the link you have to CyberText in your archive/web page points off to Wadsworth. A fix on this "very significant oversight".... (:- would be greatly appreciated.

Thanks and Make it a Great Day.

Mike

Mike Groomer, Ph.D, CPA, CISA, CITP
Professor of Accounting and Information Systems
Kelley School of Business
Indiana University
1309 East 10th Street
Bloomington, IN 47405-1701
812-855-4026 / 812-855-8679 (Fax)
Groomer, S. Michael [groomer@indiana.edu ]


The documentary "Startup.com" has been getting a lot of ink in the IT press lately, and for good reason. It is a good flick, but don't expect MBA-class level reasons as to why govWorks.com really failed. http://www.newmedia.com/default.asp?articleID=2871 

Before I start into the specifics of my review of Startup.com, let me say that it is a darn good documentary (and I've seen a lot of them). If I were writing this critique for a newspaper or consumer magazine, I'd laud it for delving into the "characters" (actually, real people) of Kaleil Isaza Tuzman and Tom Herman, and how their company, govWorks.com, went from rags to riches...to rags again.

I'd write about how the film was able to really "get into" these characters' feelings as their company grew and shrunk. I'd also concentrate on the relationship between Isaza Tuzman and Herman, which developed throughout their lives, and how it was affected when Isaza Tuzman fired Herman.

As one review put it, Startup.com has "Machiavellian manipulations, ambition, torn loyalties and crushing betrayal."

Pretty juicy stuff, eh? What's more, it's all true!

But this review is for NewMedia, a B2B Web site targeted at business professionals who make their living from the Internet. So I can't really be an Ebert or Roper and give the movie a consumer-like "thumbs up" or "thumbs down."

Before I go on, though, let me say this: If all of the above has convinced you to go see the flick from a pleasure, "Hey-it's-Friday/Saturday-night,-let's see-a-movie" standpoint, then stop right here and plunk down your cash for a ticket. Besides, it really is quite entertaining.

If you're looking for really cheap insights into why a company failed, though, you won't get your money's worth from that $8.25 ticket.

To learn the real reasons why govWorks failed, you need to see it-- as I did last week --with Isaza Tuzman and Herman with you to explain what wasn't shown.

In short, Isaza Tuzman said that the documentary did a much better job of focusing on both him and Herman as characters, and less on the business side of govWorks.com. "It did a very good job of capturing what was the surprising and challenging element that for me personally was the navigation of personal life and entrepreneurship, and the navigation of a friendship that was and remains extremely important to me," namely his friendship with Herman.

But did you know that govWorks shifted its focus from being a technology provider to governments to a consumer portal for ticket-paying, tax payments, and so on? You don't find that out by watching the movie. The switch in strategy, by the way, is what Herman feels mainly did in the company.

What you do find out, though is that the stock market tanked in April, 2000, taking the venture-capital market with it. And you can tell that this somehow affected govWorks.

"Startup.com: From the Inside," by Bob Woods, New Media, July 26, 2001 --- http://www.newmedia.com/nm-ie.asp?articleID=2850 

Two high school friends who have talked about starting a business since...well, high school...finally do so during the dot-com boom. Then as the market collapsed, so did their company. Now, they act as counsel to "distressed" dot-coms like...well, their former company.

So how did these two get from Point A to Point B, with a lot of mini-points along the way?

The saga of govWorks.com (now govOne, after a bankruptcy sale) was caught on more than 240 hours of film and boiled down to 103 minutes for Startup.com, a film from Artisan Entertainment.

Click here (opens a new window) for a detailed account of govWorks.com's troubles from NewMedia's sister publication AtNewYork.

The movie, made by the documentary team of Chris Hegedus, D A Pennebaker and newcomer Jehane Noujaim, examined the Web site that facilitates interaction between local government, citizens and businesses. But it more closely focused on the personal lives of co-founders Kaleil Isaza Tuzman and Tom Herman, and how their company nearly tore apart their childhood friendship.

Herman and Isaza Tuzman were not only in the film, but they made themselves available to answer questions and talk about the film on Tuesday night, as part of Netpreneur.org's Coffee + DoughNets series just outside Washington, D.C. More than 400 people attended the event at a renovated movie theater close to the Northern Virginia Tech Corridor.

Herman said that he hoped the govWorks.com film experience is "something to learn from...what we did right and what we did wrong." Isaza Tuzman echoed those sentiments during the panel discussion.

Neither Isaza Tuzman nor Herman came out and said if they liked or disliked the movie. But Isaza Tuzman said that the documentary did a much better job of focusing on both him and Herman as characters, and less on the business side of govWorks.com. "It did a very good job of capturing what was the surprising and challenging element that for me personally was the navigation of personal life and entrepreneurship, and the navigation of a friendship that was and remains extremely important to me," namely his friendship with Herman.

For those who don't already know, one of the highlights of the film shows Isaza Tuzman terminating Herman's employment with the company. The aftermath is shown as well--the threats of lawsuits, Herman's "escort" out of the building, a tense meeting between the two after they take Herman's daughter to the circus, and so on.

All appears to be smoothed over now, at least to the point that the two can share a single stage to talk about their govWorks experience. Interestingly enough, though, Isaza Tuzman and Herman sat at opposite ends of the stage. While it wasn't immediately clear why they were so far apart--and who, if anyone, asked for the positioning--the moderator of the panel discussion joked that the distance between the two was court-mandated, and that if "either one moved an inch closer, they'd be in violation of a court order."

Isaza Tuzman's and Herman's relationship must be stronger by now, though: After govWorks.com's fire sale, the two are now partners in Recognition Group, a company specializing in "distressed and out-of-favor technology investing." The firm also handles interim management and crisis-management advisory functions focusing on business restructurings, operational/technical audits, distressed fund-raising, workouts, insolvencies, liquidations and wind-downs.

Now that the two are again employed at the same company, how do they feel about working with friends and family? Both Isaza Tuzman and Herman are still in favor of working people who are close to you, even after all they went through at govWorks. "I would rather be in business with someone I care about, and have that friendship go on, despite the emotional intensity that can go on," Isaza Tuzman said.

"Anatomy of a Distressed Dot-com: govWorks," by Ryan Naraine, Silicon Alley News, January 12, 2001 ---- http://www.atnewyork.com/news/article/0,1471,8471_559531,00.html 

Two years ago, with the dot-com mania in bloom, company founder Kaleil Tuzman and four of his buddies invested $200,000 to set up Govworks.com. The idea was to build out technology that would enable routine payments to local governments via the Internet and save the headaches of dealing with a bureaucracy. GovWorks would pull in revenues from bill payment fees, charging government agencies for job postings and from the commission for auctioned items from its flagship Web site.

Convinced that the market for this was worth $450 billion, govWorks began to hire aggressively in July 1999, growing to 50 by October -- mostly techies building the software application. Investors began to show interest. Tuzman landed $19 million in a Series B round led by Kohlberg Kravis Roberts and the Mayfield Fund.

Soon after, with new offices in the Alley, the company teamed up with Cotesa Holding, Ltd. to develop a joint venture to tap into the burgeoning Latin American market. govWorks continued to expand at an amazing pace, gobbling up Jobs-in-Government, an auction site and two other companies.

By late Spring, govWorks had 250 employees on payroll. "Like many Internet companies, govWorks fell prey to the growth-at-all-cost craze," according to court documents.

Despite excitement in the market about the possibilities, the company said actual deals to roll out e-payment services with government agencies were "much slower" than it anticipated.

With no deals coming in, and money quickly going out the door, govWorks switched gears. It began tinkering with the business model to become more of an Application Services Provider (ASP), where it would land contracts with local governments to provide the payment and transaction services. "(It was smarter) to cooperate with their online strategies and complement rather than compete with government Internet efforts," the company said.

But the tide had already turned in the markets and the company had to cut back more. Layoffs ensued with more than 60 employees receiving pink-slips at the end of April, 2000.

Then it all fell apart.

The mushrooming of competitors, fueled by a "crowded venture-capital marketplace" created similar bill-payment services, some for free. govWorks was forced to offer deep discounts on products and services.

"Implementation and operation costs far exceeded initial revenues, and as pressure mounted to shift from acquiring every client to acquiring only profitable or strategic clients, govWorks adjusted its price structure and client approach," the company explained.

By the summer of 2000, its pricing model involved charging governments for implementation and monthly maintenance fees and encouraging governments to absorb the transaction fees instead of passing them on to the consumer. In August, the company went live with the NYC Parking Ticket Internet payment processing application and branched out to other markets including New Orleans, Boston and Rhode Island.

By this time, investors were getting cold feet. The company's burn rate was north of $1 million per month and, with no significant revenues, finding additional funding became a bear. More workers were let go in the fall of 2000 and belt-tightening measures ensued.

During the summer of 2000, govWorks initiated another round of financing, expecting to raise between $20 million and $25 million, vital financing to carry the company through mid-2002, and "breakeven" point of its financial projections.

"However, with market conditions deteriorating rapidly and the technology company IPO marketplace nearly moribund, in early November 2000, the lead investor, J&W Seligman, withdrew its term sheet, and the additional investors would not close without this lead investor."

Strapped for cash, the board of directors told govWorks management to look for an additional source of funds or seek to be acquired.

More firings brought the workforce to under 60 by mid-November of 2000 and expenses were "drastically cut back" to keep the $1 million-per-month burn rate in check.

It was the beginning of the end.


Bob,

This afternoon the SEC issued a press release saying that Lynn Turner will leave the Commission to join the faculty at Colorado State University. The release is at:

http://www.sec.gov/news/press/2001-77.txt 

Dennis Beresford [dberesfo@terry.uga.edu


oneMen (Economics, Politics, Sociology) --- supporting power to the people in poor nations. http://www.onemen.org/ 

oneMen is a charity which believes that a single person can make the difference between right and wrong, poverty and well-being. Therefore oneMen supports the small-scale projects of pioneers. Their efforts improve the lifes of many.


Fee vs. Free: No Longer an Easy Decision Hey, here's a concept--making money from Internet services and/or content. As a Web site owner and Web marketer, shortcuts towards selecting free services online today could ultimately be a risky decision. http://www.newmedia.com/default.asp?articleID=2851 


Companies struggle to discover better business models, particularly online models that attain revenues in excess of costs, in the fast-changing era of interactive networked communications.  
A research idea from Denny Beresford:

I continue to scratch my head over the different business philosophies about how much goes on the web site for magazines and newspapers. Fortune gives away nearly everything. But Forbes seems to give away almost nothing. The New York Times seems to have cut back in the past two weeks on what it makes available free of charge. On the other hand, the Times is beginning home delivery in Athens in early August. At that time I can subscribe at 40% of the daily price and I also get a password that allows me to search the electronic archives and copy older articles for free. It might be interesting for a marketing professor and an accounting professor to do some sort of research on the "e-availability" policies of periodicals and what actually makes the most sense economically.

Dennis Beresford [dberesfo@terry.uga.edu
University of Georgia

A rather interesting Website that describes some of the issues in finding business models for book publishers, and at the same time, illustrates a 3-D graphical approach to Web navigation 

eBookMap.net is one example of a relatively novel approach to databases and Web indexing. The metaphor of cyberspace comes alive in spatial, two and three dimensional map-like representations of the world of knowledge in Cybergeography's online "Atlas."

Instead of endless, static and bi-chromatic lists of links, Cybergeography catalogues visual, recombinant vistas with a stunning palette, internal dynamics and an intuitively conveyed sense of inter-relatedness. Hyperlinks are incorporated in the topography and topology of these almost-neural maps.

"These maps of Cyberspaces—cybermaps—help us visualize and comprehend the new digital landscapes beyond our computer screen, in the wires of the global communications networks and vast online information resources. The cybermaps, like maps of the real-world, help us navigate the new information landscapes, as well being objects of aesthetic interest. They have been created by 'cyber-explorers' of many different disciplines, and from all corners of the world. Some of the maps... in the Atlas of Cyberspaces... appear familiar, using the cartographic conventions of real-world maps, however, many of the maps are much more abstract representations of electronic spaces, using new metrics and grids."

Navigating these maps is like navigating an inner, familiar, territory. They come in all shapes and modes: flow charts, quasi-geographical maps, 3d-simulator-like terrains and many others. The "Web Stalker" is an experimental Web browser which is equipped with mapping functions. The range of applicability is mind boggling.

A (very) partial list:

The Internet Genome Project: "open-source map of the major conceptual components of the Internet and how they relate to each other"

Anatomy of a Linux System: Aimed to "...give viewers a concise and comprehensive look at the Linux universe' and at the heart of the poster is a gravity well graphic showing the core software components, surrounded by explanatory text"

NewMedia 500: The financial, strategic, and other inter-relationships and interactions between the leading 500 new (Web) media firms

Internet Industry Map: Ownership and alliances determine status, control, and access in the Internet industry. A revealing organizational chart.

The Internet Weather Report measures Internet performance, latency periods and downtime based on a sample of 4000 domains.

Real Time Geographic Visualization of WWW Traffic: a stunning, 3d-representation of web usage and traffic statistics the world over.

WebBrain and Map.net provide a graphic rendition of the Open Directory Project. The thematic structure of the ODP is instantly discernible.

The WebMap is a visual, multi-category directory which contains 2,000,000 Web sites. The user can zoom in and out of sub-categories and "unlock" their contents.

Maps help write fiction, trace a user's clickpath (replete with clickable Web sites), capture Usenet and chat interactions (threads), plot search results (though Alta Vista discontinued its mapping service and Yahoo!3D is no more), bookmark Web destinations, and navigate through complex sites.

Different metaphors are used as interface. Web sites are represented as plots of land, stars (whose brightness corresponds to the Web site's popularity ranking), amino-acids in DNA-like constellations, topographical maps of the ocean depths, buildings in an urban landscape, or other objects in a pastoral setting.

Virtual Reality (VR) maps allow information to be simultaneously browsed by teams of collaborators, sometimes represented as avatars in a fully immersive environment. In many applications, the user is expected to fly amongst the data items in virtual landscapes.

With the advent of sophisticated GUI's (Graphic User Interfaces) and VRML (Virtual Reality Markup Language), these maps may well show us the way to a more colorful and user-friendly future.


greenboathouse books - showcasing new and notable Canadian authors --- http://www.greenboathouse.com/ 

Greenboathouse Books is a small press located in Vernon, BC, but nomadically rearing its head in Victoria and Edmonton. Our goal is to promote and publish, both in print and on-line, poetry, fiction and mixed-form work by emerging and established writers from across the country.

Although we started out focusing on Western Canadian writing - more because of our location in BC than anything else - we are primarily interested in writing that is formally innovative, and writers who are concerned and intrigued by contemporary writing and the theory surrounding it - i.e. we are interested in writers who read.

Each project is a collaborative process involving the writer, the editors, and a visual artist, in which the physical design and production of the book is considered with as much attention to detail as the material within it. To paraphrase Frederic Jameson, there is not only the content of a work to consider, but also the content of its form, and we believe that design and layout are integral components of form.

Our chapbooks are hand-made and therefore print runs are relatively small (usually 100 copies) as what we want to create is not a mass-produced document, but an aesthetically interesting and attractive chapbook showcasing innovative and important writing from across Canada.

On site you'll find plenty of information on what we're up to these days, including recent chapbook releases, our 2001 Broadsheets project, our summer reading series, and our on-line poetry page and archive. For submission guidelines, click here.

On our links page you'll find links to other small presses from across Canada, as well as links to larger publishing houses, Canadian poetry organizations, and other resources for information on the Canadian literary scene.

You'll also find a link to our sister-site, art objective, an on-line exhibit of original fine art by Western Canadist artists.

After you've taken a look, send us a note and let us know what you think. Have your say, contribute, and help make the gbh site a place to visit and revisit.

You can email us at: info@greenboathouse.com


ALMANACS, CALENDARS, DICTIONARIES & ENCYCLOPEDIAS 
from the Jefferson Parish Library --- http://www.jefferson.lib.la.us/reftestp.htm 

Ecclesiastical Calendar www.smart.net/~mmontes/ec-cal.html
Encyclopedia Britannica www.britannica.com
Encyclopedia Smithsonian
Information on various topics from Smithsonian 
Institution
www.si.edu/resource/faq
Funk & Wagnalls.com
Multimedia encyclopedia – animation, sounds, flags, maps, etc.
updated monthly
www.funkandwagnalls.com
Homework Central
Reference for kids, teens, college and beyond
www.homeworkcentral.com/
Information Please Almanac
Online dictionary, encyclopedia, and almanac
www.infoplease.com/
Language Dictionaries and Translators http://www.word2word.com/dictionary.html
Online Directory for People and Businesses www.switchboard.com
Quotation Search www.starlingtech.com/quotes/search.html
Real Yellow Pages www.yp.bellsouth.com
WhitePages.com
Global directory and index of e-mail addresses and phone numbers
www.whitepages.com/

Some Great Achitecture Links from the Jefferson Parish Library --- http://www.jefferson.lib.la.us/reftestp.htm 

Archiseek Search architecture and interior design publications www.archiseek.com  

Architecture Web Links University of Nevada Las Vegas Architecture Library homepage library 
http://library.nevada.edu/arch/rsrce/webrsrce/contents.html
 

Digital Archive of American Architecture Over 1,000 digitized images of American architecture 
www.bc.edu/bc_org/avp/cas/fnart/fa267/
  

Great Buildings Online www.greatbuildings.com/gbc/buildings.html  

Islamic Architecture M.I.T Rotch library and Rotch visual collections http://bloom.mit.edu/agakhan/index.html    

Renaissance and Baroque Architecture www.lib.virginia.edu/dic/colls/arh102/ 


 Some Great Art Links  from the Jefferson Parish Library --- http://www.jefferson.lib.la.us/reftestp.htm 

Aesthetics Online Philosophy and art teaching resources www.indiana.edu/~asanl/teaching/index.html  
Archives of American Art Documents on the history of visual arts in the United States www.si.edu/organiza/offices/archart/start.htm  

Art and Life in Africa www.uiowa.edu/~africart/toc/index.html Artcyclopedia  

Museum-quality art with 6,000+ artist search www.artcyclopedia.com  

ArtLex-Dictionary of Visual Art www.artlex.com  

History of Photography www.kbnet.co.uk/rleggat/photo  

Modern Masterworks Art of the 20th century http://hyperion.advanced.org/17142/


The Performing Arts in a New Era
Full Text http://www.pewtrusts.org/pdf/cul_rand.pdf  
Research Brief http://www.pewtrusts.org/pdf/cul_rand_brief.pdf 

The bottom line seems to be upbeat both for international commercial success and for local-level productions.


The Economist Country Briefings (international economics and business) --- http://www.economist.com/countries/ 


Directory of Corporate Archives in the United States and Canada (Business and Economic History)  http://www.hunterinformation.com/corporat.htm 

The Directory has three components:

[A-B] [C-D] [E-F] [G-H]
[I-K] [L-M] [N-O] [P-R]
[S-T] [U-V] [W-Z]

 


 

Dear Colleague:

Since you have not yet had the privilege of attending a Colloquium on Change in Accounting Education, you are cordially invited to do so this year.  Our past attendees rave about the quality and relevance of our teaching oriented program, the unique collegial atmosphere they feel, our very attractive Southwestern U.S. locations, and the quality of the food, service and comfort of each Colloquium hotel.   For all these reasons, re-energize yourself at our 5th annual Colloquium to be held in Tucson, Arizona, from October 18-20 of this year.  Along with the IMA, our primary sponsor, the Colloquium also features the active involvement of the AAA, AICPA, KPMG, and the college textbook publishers.    


Please note that I have attached an announcement to this email message that will answer many of your questions.  If you'd prefer to go to our web site immediately, just click on the following URL:  www.thecolloquium.com where you can access even more information and our on-line registration process.

Paul Solomon [psolomon@sedona.net

The above Colloquium is preceded by the Second Annual Meetings of the Academy of Business Education in Jackson Hole, Wyoming September 20-22 --- http://www.abe.villanova.edu/meet2001.html 
I will be at these meetings at a ski lodge in Jackson Hole (at a time when the Elk are bugling).

Bob,

If you haven't already volunteered to chair a session, please do so. We have many sessions still needing a chair. If possible, we would like to have someone chair a session that is not also presenting on the session.

Take a look at the 2001 program at "abe.villanova.edu" and to see the sessions that do not have chairs and email me your choice. There are chairing opportunities available in ethics, international, accounting, marketing, management, finance, OM, IS and general education.

Thanks for your support and hope to see you in Jackson Hole.

J. L. Heck [jlh@icdc.com


Jim McKenney reports that the School of Business has just adopted LearnLoop at Howard University.  LearnLoop is a web based GroupWare for collaborative learning i.e., groups may meet on the web and study a topic/course together. Since LearnLoop facilitates different types of communication and collaboration you may learn from each other and together build your knowledge of the subject. It has been stalled in development and only recently kicked development back into gear with a new development team.  LearnLoop is a tool for aiding education in organizations, companies and in the educational sector --- http://www.Learnloop.org/ 

LearnLoop is a web based GroupWare for collaborative learning i.e., groups may meet on the web and study a topic/course together. Since LearnLoop facilitates different types of communication and collaboration you may learn from each other and together build your knowledge of the subject. LearnLoop is a tool for aiding education in organizations, companies and in the educational sector.

LearnLoop is an Open Source (GPL) project aimed at developing, and other programmers may take part in this development.
It was funded by The Viktoria Institute  and  The Council For IT use at the Gothenburg Business School in Gothenburg, Sweden and created by Daniel Önnerby, Per Åsberg and Britt Klintenberg.

The application is designed in a way that makes it easy to add different modules when necessary.

As a user of LearnLoop you do not need any additional application/client. You just use your browser.
LearnLoop is a tool for the user. The user as well as the administrator may create and add modules to the course area.
As a course participant in LearnLoop you may:

More functions are going to be added gradually, for example the possibility of writing and editing a document together with other participants.

My guess is that LearnLoop is too new to get much feedback from users. I think it is still only in beta testing and was delayed significantly until a new group of developers was put in place to try to put this group learning software back in gear.

In my viewpoint the software does not have a good target market. I don't find anything that you cannot do in Blackboard or WebCT, and there are many features in Blackboard and WebCT that you cannot do in LearnLoop. Since Blackboard and WebCT now dominate market share in schools, their cash flows enable ongoing improvements and leading edge developments that LearnLoop will not be able to keep up with in the future.

LearnLoop's specialty is collaboration, but for serious collaboration software, there are some superior, albeit expensive, products such as collaboration systems for videoconferencing. Examples include the following:

IVoDS --- http://www.aztechnology.com/ivods/Flyer.htm 

Internet Communications --- http://www.utexas.edu/courses/kincaid/avab747/niche.html 

PictureTel --- http://www.picturetel.com/print.asp?name=abtst.xml 

To learn more about collaboration software, you might check out the short article below:

"Groupware and Distance Learning - Using Collaborative Software," by Jane Kellogg, http://www.kelloggllc.com/COLABSFT.HTM 

For a review of other alternatives, go to http://www.trinity.edu/rjensen/290wp/290wp.htm 


The Financial Accounting Standards Board (FASB) has made available the actual statements that resulted from the Board's Business Combinations Project. Statement 141, Business Combinations, and Statement 142, Goodwill and Other Intangible Assets, are now available for purchase. http://www.accountingweb.com/item/53442 
Educators and students receive a 20% discount.


"Bricks, Bytes, or Both? The Probable Impact of Scholarly Electronic Publishing on Library Space Needs," by Charles W. Bailey, Jr., In Information Imagineering: Meeting at the Interface, Editied by Milton T. Wolf, Pat Ensor, and Mary Augusta Thomas, 89-99. Chicago: American Library Association, 1998 --- http://info.lib.uh.edu/cwb/bricks.htm 

When a scholar reads a printed book or journal, there is a reasonable degree of certainty that it is not a fake and that it has not been tampered with. Such assurances are not yet common in the electronic information arena. Given the ease with which electronic information can be copied and edited, it can be altered and republished on the Internet and other networks in ways that make detection difficult. Technological strategies to deal with these electronic information authentication and integrity problems, such as public key encryption, are emerging, but are not now in common use in scholarly publishing. A related problem is that a self-publishing author of an electronic document may change it without notification. If different versions of a document are not clearly identified and preserved, scholars cannot accurately quote from them or cite them.

Print-based scholarship has relied on the existence of an official, unchanging body of literature. For electronic scholarly publishing to flourish, existing information authentication and integrity problems must be solved.

Electronic publishing will become increasingly important, and it has the potential to transform scholarly communication, opening up exciting new possibilities that were impossible in a print-based publishing system.4 However, rapid technological progress does not necessarily translate into the swift and acceptable resolution of a host of fiscal, legal, logistical, social, and other issues that this technological progress raises.

For the foreseeable future, print is likely to continue to play an important, but gradually diminishing, role in scholarly communication. To support research and teaching, academic libraries will need to develop "digital libraries" that greatly enhance expedited access to print materials at the same time that they provide effective access to a growing array of electronic materials. To achieve this goal, physical facilities will need to be expanded or constructed as required to provide adequate space for print and electronic collections, computer and network servers, user workstations, study seating, service desks, and staff offices.


Gentleman's Page: A Practical Guide for the 19th Century American Man (History, Fashion, Dress, Etiquette, Photography, etc.) --- http://www.lahacal.org/gentleman/index.html 


Hi Helena,

First of all, you should check the services that specialize in finding college programs by areas of interest. I suggest that you begin by clicking on --- http://www.trinity.edu/rjensen/searchh.htm#EducationOrganizations 

Two of the really popular finders (with specialty categories) are as follows:

http://www.petersons.com/dlearn/ 

http://www.degree.net/ 

There is are some search helpers for Health Care Administration Education at http://www.totalhealthsearch.com/pages/health_care_administration_education.html 

Canyon College has online masters degree programs in Health Care Administration, but I have no information positive or negative about the quality and reputation --- http://www.canyoncollege.edu/m~hadmin.htm 

For international and online business and specialty program locators, go to http://www.trinity.edu/rjensen/crossborder.htm 

And if you are interested in program comparisons of top colleges of business, go to http://www.usnews.com/usnews/edu/beyond/apps/gradmba.htm 
I do not know of similar rating services for health care administration education programs.

I am forwarding your message to one of my good colleagues, Mary Stefl, who is a veteran professor of health care administration. She will be able to tell you more about our two masters programs at Trinity University. I suspect that Mary will also give you links to some her major competitors.  The homepage for the Trinity University MS in Health Care Administration is at http://www.trinity.edu/departments/healthcare/ 

Hope this helps!

Bob (Robert E.) Jensen 
Jesse H. Jones Distinguished Professor of Business 
Trinity University, San Antonio, TX 78212 
Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu  
http://www.trinity.edu/rjensen
 

-----Original Message----- 
From: Ek, Helena {PI~Mannheim} [mailto:HELENA.EK@Roche.COM]  
Sent: Thursday, July 26, 2001 7:01 AM 
To: 'rjensen@trinity.edu'  
Subject: could you help me???

Hello Mr Jensen, your sites are incredible- thank you for charing everything!! I am doing a project for Roche, in Mannheim Germany at the moment and I am looking for business schools that are specialised / or very good- that have special courses etc. in HEALTH CARE. Do you know where I could get this information??

Thank you for taking your time!! 
Kindly regards 
Helena Ek


The U.S. Social Security System's $5 Trillion is a Useless Empty Bubble --- We're Borrowing From Ourselves
It's a case of bad accounting for bad economic management.  There is no $5 Trillion fund under straight-talk accountancy.

"A Lot of Trust, But No Funds:  You don’t have to totally agree with Bush’s Social Security commission to see that its analysis of the system’s financial problems is right on," by Allan Sloan, Newsweek, July 30, 2001, pp. 34-35 --- http://www.msnbc.com/news/603352.asp 

One of Washington’s biggest industries is producing documents that nobody reads, for good reason. But showing that every rule has its exception, the presidential Social Security commission last week produced a two-page gem: an explanation, buried in its 30-page preliminary draft, of why almost everything that almost everybody thinks about the Social Security trust fund is wrong. Tune out the predictable partisan noise—the Bushies and their fee-hungry Wall Street allies praised the draft, many Democrats and member-hungry advocacy groups hated it—and turn to pages 16 and 17.  You find a wonderfully clear discussion of why the trillion-dollar Social Security trust fund doesn’t help solve the system’s long-term financial problems. And why letting the fund grow to $5 trillion, as currently planned, won’t help either. (You can find the report by clicking here.) 

I know it sounds silly to say that a trillion-dollar trust fund is useless. Let me explain why that’s the case. Let’s say that you set up a $1 million trust fund to pay for your retirement. But instead of putting in $1 million of cash or stocks, you give the fund a $1 million I.O.U. from yourself. When your Golden Years arrive, you want the million bucks. To get it, you need to fork over $1 million to redeem the I.O.U. The fact that the fund has the I.O.U. doesn’t make it any easier for you to come up with the money. The Social Security trust fund, which is part of the federal government, holds Treasury securities—I.O.U.s from the federal government—to meet its future obligations. Treasury bills are perfectly fine investments. But when they’re held in federal trust funds, Uncle Sam has the same problem redeeming them that you’d have redeeming your own I.O.U.s in your personal trust fund. To quote the Clinton administration’s fiscal 2000 budget, government trust funds “do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, have any impact on the government’s ability to pay benefits.” That quote is in the commission’s report, and it’s buttressed by quotes from other credible sources: the head of the Congressional Budget Office, the comptroller general, two Social Security trustees. It’s one thing for people like me to have harped on this for years. It’s a whole other thing to have it formally entered into the public debate.


"The Economics Of The Rat Race:  Throughout American history, opportunity and insecurity have come in the same package," by Robert J. Samuelson, Newsweek, July 30, 2001, Page 37 --- http://www.msnbc.com/news/603354.asp 

Among the great connecting threads of American history is the precariousness of social and economic standing. From the start, Americans have had the chance of elevating their status and wealth while also facing the threat of losing both. Nothing is preordained. Opportunity and insecurity have coexisted in an uneasy embrace that is, alternatively, rewarding and punishing. At moments like this, the confounding combination helps explain both the economy’s strengths and its vulnerabilities.

. . . 

There’s an unrelenting contest for economic and social superiority that drives innovation, investment, migration and (to some extent) instability. Anyone who doubts this should consult John Steele Gordon’s new book, “The Business of America.” Gordon, a popular historian on business subjects, writes a regular column for American Heritage magazine, where the book’s 47 compact essays first appeared. A common theme is how the burning desire to get ahead spurs economic creativity and destruction.
       

In the late 1700s, Britain had a global monopoly on textile-making machinery—the high-tech sector of its day. To preserve the monopoly, the British prohibited exports of the machines or their designs. Anyone who could build a machine couldn’t emigrate. In England, clandestine advertisements offered huge bounties to set up a textile factory in America.

 “One person who was surely aware of these offers was Samuel Slater of Belper, Derbyshire, in the very heart of the textile area,” writes Gordon. At 14, he apprenticed to the owner of a textile mill. A mechanical genius, he improved the mill’s machinery and memorized their design. Seven years later—his apprenticeship finished—Slater listed himself as a “farm laborer” and sailed for the United States. Within a year, in December 1790, the first American cotton mill opened in Pawtucket, R.I. The owners included Slater and Moses Brown (part of the family whose name adorns Brown University).

What Bennett meant by “despotism of dollars” was the ability to buy power and well-being. But it was (and is) much more. It’s the obsession with moving to the front of the line, of leaving a mark on the world, of having the highest score.


A lot of people I talk to think Amazon.com will eventually fail.  AOL is betting $100 million that it won't fail.
AOL Takes $100M Stake In Amazon The stock deal and marketing pact includes use of Amazon technology and tools for users of America Online's interactive brands; meanwhile, Amazon beats the Street and posts a Q2 pro forma loss of 16 cents a share. http://www.newmedia.com/default.asp?articleID=2868 


All joking aside, this is one of the most controversial issues ever "addressed" by the American Institute of CPAs (AICPA).

To all would be cognitors.  Now is the time to come to the defense of your would be title in life.  Or if you prefer to instead be a XYZ Professional, the time has come to fight for your preference regarding a professional credential.  See Global Business Credential at http://globalcredential.aicpa.org/content/newsroom/newsroom.htm 

Business & Industry CPAs Support Global Credential. The executive committee representing more than a third of the American Institute of Certified Public Accountants (AICPA) members recently passed a resolution overwhelmingly

Also see http://groups.yahoo.com/group/xyztalk 

This forum is for CPAs to discuss the activities of the AICPA. This can be anything from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.


Update on the International Accounting Standards Board (IASB that was formerly the IASC)
by Phil Livingston (President of the FEI) --- http://www.fei.org/newsletters/express/feiexpress69.cfm 

I just got back from an interesting meeting of the Advisory Council to the new International Accounting Standards Board. I was impressed by the Board members' breadth of experience. They appeared open and willing to listen. Time will tell… Here's a recap of some of the discussions.

One of the most interesting parts of the meeting came the first day, when the council members were asked to give their thoughts on why they were participating in the process, the projects that were important to them, and any special expertise they brought to the group.

As we went around the table, it was clear that there was a strong faction from developing countries, that was expressing a need for stronger accounting standards. One representative from Nigeria commented that he appreciated sitting at the table of a "rich man's club," but that his countrymen were not members yet. He also said he looked forward to the day when developing countries truly benefited from as result of implementing better financial reporting. They appreciated that the "rich man's club" could afford to build these accounting standards, as they cannot afford the effort themselves. Additionally, speakers from Russia, China, Malaysia and Estonia all commented on the need for small country accounting standards. This has been a long-running debate, and many in the room felt that the true strategic and near-term agenda should be focused on establishing one set of global standards for cross-border companies interested in accessing the large capital markets. However, the concern that the needs of developing countries may be overlooked was reinforced many times.

IASB Chairman David Tweedie summarized the advisory council's overall discussion of the objectives and issues with this list:

  1. the IASB should strive for principle-based standards, not detailed rulemaking;
  2. the issue of small companies/countries vs. large company/countries is a concern;
  3. getting to convergence with US GAAP is critical for many companies and a premium should be placed on projects in which IAS can move toward US GAAP, or US GAAP can be brought toward IAS;
  4. there needs to be a strong conceptual basis upon which all their standards are built.

. . . 

Fair Value Accounting of All Financial Instruments Rather Than Only FAS 133/IAS 39 Derivatuves
International accounting standards have their own version of the US's FAS 133/138. IAS 39 is also complex and controversial, and we just implemented it this past January 1. Some of the differences in the two standards include IAS #39's requirement for the company to assess the effectiveness or ineffectiveness of hedge transactions. Further, IAS 39 allows the company to choose between charging the changes in the value of derivatives to either net income or other comprehensive income.

Related to this project is a recently issued joint working group statement on fair value accounting, which suggests that all financial instruments be marked to market and NO hedge accounting be allowed. This is obviously a controversial proposal, and is opposed by our Committee on Corporate Reporting (CCR). The majority of the group seemed to encourage the IASB to make certain clean-up amendments to IAS 39. Board member Jim Leisenring was quick to point out that most comments on 39 were largely administrative in nature. There was little support for the fair value accounting study by the joint working group. There was also extensive discussion about the desirability of converging IAS 39 and FAS 133. While the two are very similar, there are substantial differences. More time and experience with both would be good before trying to select the better standard or the best of each.

. . . 

Employee Stock Option Accounting (as related to FAS 123 of the FASB in the U.S.)
This was obviously a tense discussion. There were mixed views in the room. I gave a strong statement that we had been through 10 years of debate on this subject in the U.S., and were not interested in reopening the huge wounds that resulted from the battle with the FASB. I said that the issues here had been debated over and over again, and it was not possible to state a new argument for either side. Neither side has changed its view of this issue, and neither will. I suggested that they recognize the reality that stock option accounting is not going to change in the U.S. Therefore, they should get the issue off their plate and adopt a disclosure-based standard using whatever valuation method they deem theoretically correct. Other abuse areas, like repricing and cheap stock, could also be addressed.

Interestingly enough, each of the CFOs of European companies agreed that it would be unacceptable for the IASB to adopt a standard that requires expense recognition for stock options, if U.S. standards did not also change. The possible competitive disadvantage for European companies, which will be required to use IAS by 2005, was a very large concern.

I hope the IASB will not jeopardize the historical opportunity in its grasp. Many participants will watch to see the outcome on this issue. Some want to know the answer quickly to avoid wasting time. An adverse decision could secure the future of US GAAP as the only acceptable methodology for the public capital markets

 

The IASB homepage is at http://www.iasc.org.uk/ 


Wow Software Listing of Project Management Software
The Project Management Center --- http://www.infogoal.com/pmc/pmcswr.htm 
The homepage is at http://www.infogoal.com/pmc/pmchome.htm 


Bob Jensen's threads on Webledger systems such as NetLedger --- http://www.trinity.edu/rjensen/webledger.htm

Also note the nice review editorial at http://www.cpasoftwarenews.com/editorial/articles/2001/11-3.htm 
This includes a summary of other web-based accounting tools.


Business office software tools (including accounting and tax software)
Phil and Mac's Secret Free Place --- http://www.maxpatch.com/misc4.html 
Readers should definitely take a look at this annotated software index, although some items appear to be out of date.

Bob Jensen's links to other accounting software are at http://www.trinity.edu/rjensen/bookbob1.htm#software 


For those of you interested in The Analytic Hierarchy Process (AHP) news, note the following.

Hello Dr. Jensen

We are excited to announce the release of the 903.04 update for Expert Choice 2000! This update improves and expands upon the great new features in Expert Choice 2000.

The 903.04 update is a collection of updates that fix issues in Expert Choice 2000. Download the service pack now at: http://expertchoice.com/download/Default.htm#updates 

If you have not yet upgraded to Expert Choice 2000, click here for a product brief: http://expertchoice.com/productbrief/ . You can also contact a sales representative directly for special pricing at sales@expertchoice.com

Expert Choice Support Team support@expertchoice.com 


Where is a good place to start when searching for a U.S. Government Web site?

Answer:  FirstGov at http://www.firstgov.com/ 


Part of Deloitte & Touche went public ---  "Deloitte Consulting is proud not to announce an IPO." http://www.accountingweb.com/item/53445 


"Some Real Street Smarts:  The protesters deserve credit for highlighting the problem. Pity they hate the solution." Newsweek, July 30, 2001, Page 25 --- http://www.msnbc.com/news/603431.asp?0dm=N33DN&0dm=N17QO 

 It is a sad irony that many of the same people who highlight the desperate condition of poor countries oppose the only realistic solution for them: that they quickly and wholeheartedly embrace the technological revolution of our times. If there is a way for countries that seem mired at the bottom of the heap to climb their way out, it is a technological jump-start. I don’t mean that sending computers to Sierra Leone will solve all their problems. The revolutions in science are taking place in three areas: medicine, food and information. For a poor, disease-ridden country to break its free fall, it must exploit all of them—and fast.

“It’s unfortunate that the protesters have an anti-technology bias,” says Mark Malloch Brown. Malloch Brown, who was at the meetings in Genoa last week, is head of the United Nations Development Program. The UNDP recently issued an astonishing (and astonishingly well-written) report on technology and development ( ( www.undp.org/hdr2001/ ). It urges poor countries to get over their phobias about genetically modified foods. Malloch Brown argues that genetically modified staples—rice, millet, cassava—have 50 percent higher yields, mature 30 to 50 days earlier, are much richer in protein and resist disease, drought, pests and weeds. “Not one person anywhere has died by eating genetically modified food,” he says. “On the other hand, malnutrition kills millions every year.”

Anti-technology phobias are mostly whipped up in the West and then foisted on the poor. Take DDT, the synthetic pesticide that kills mosquitoes. It was one of the remarkable success stories of the 20th century: eradicating malaria in dozens of countries by the mid-1960s. Environmentalists stopped the use of DDT in the developed world because of concerns about its side effects. Fine, says the UNDP report, but 300 million people—and rising fast—are still afflicted with malaria in tropical countries. Twenty-three nations use DDT to fight malaria and are being pressured to stop. This is absurd. The side effects of DDT are bad, but losing 1 million people a year to malaria is much worse. When poor countries have adapted technology to their needs, they have done remarkably well. The “green revolution” of the 1960s, which also involved several potentially dangerous new products and techniques, halved malnutrition in Asia within a generation. By fully exposing itself to the capital and technology of the First World in the 1980s and 1990s, East Asia doubled its living standards, a process that took the West more than 100 years. Today, the plight of Africa may seem so much worse but the technologies in health, food, information and communications are so much better.


As more and more options become available for those wishing to add Flash to their Web sites, there are more and more products on the market to produce those effects--like FlaX. http://www.newmedia.com/default.asp?articleID=2872 


Dear Dr. Jensen,

As someone who's purchased books on business and investing, you may be interested to learn about our new e-Documents store. Here you can download and print research reports and other information-packed documents in Acrobat PDF formats:

Study up on innovative investment and marketing strategies. Uncover the latest research on e-commerce and telecommunications technology. Delve into reports on computer programming, web development, media technologies, and network applications. Our e-Documents are compiled from respected research firms--International Data Corporation (IDC), Zona Research, and Faulkner Information Services, to name a few.

Virtually every e-Document is formatted in Acrobat PDF for quick and easy downloading to your PC or Mac. It’s a great way to stay informed about business and investing, and all the other topics that interest you.

Come check out our selection of e-Documents today.

Sincerely,

Jeff Blackburn
General Manager, Digital Products
Amazon.com


Computers of the future: Made of glass? CNN.com, July 30, 2001 --- http://www.cnn.com/2001/TECH/ptech/07/30/glass.computers.idg/index.html 

Engineers in Japan have moved one step closer to their goal of building a personal digital assistant directly onto a sheet of glass. If they are successful, your handheld computer could look just like a small glass panel, possibly as early as 2003.

That could be possible because engineers at Fujitsu Laboratories have developed a new manufacturing process for thin-film transistors.


How can you safely open email attachments?  Don't be so clueless in the future.

From Wired News February 27, 2001
In Order to Have Your Advice ---  Don't Even Trust the FBI

If you open an e-mail attachment from strangers, you're clueless unless you open them in a safe mode --- http://www.wired.com/news/culture/0,1284,45581,00.html 

SirCam was even better. It pulled e-mail addresses out of the infected user's computer from various folders and then sent them out again -- along with random documents from the infected user's hard drive -- so the virus and random documents went to people who had no idea who the sender was.

(And, by the way, hats off to the FBI guy who opened the SirCam virus. His computer proceeded to send the virus -- and random FBI documents -- to e-mail addresses stored in his computer as well as throughout the entire National Infrastructure Protection Center, which, it just so happens, was established to protect the United States' computer networks.

(That's charter member of the Clueless Hall of Fame status right there).

See also: (Note that SirCam is "not Sinister"
SirCam: Devious, But Not Sinister --- http://www.wired.com/news/technology/0,1282,45506,00.html
FBI Net Center Blasted Againg --- http://www.wired.com/news/politics/0,1283,45552,00.html Hey SirCam, Where'd You Go? --- http://www.wired.com/news/business/0,1367,45570,00.html 
Love Bug, SirCam Neck and Neck --- http://www.wired.com/news/technology/0,1282,45476,00.html 
'Sircam' Worm Getting Hotter --- http://www.wired.com/news/technology/0,1282,45427,00.html 

Note from Bob Jensen

Note that you can purchase some inexpensive software that will open Word, Excel, and many other attachments in a safe mode that will not run macro virus infections. However, David Fordham pointed out that the SirCam message cleverly disguises a com file extension as an Excel file even though it is not an Excel file. The software that will open Word, Excel, and many other attachments in a safe mode is calleed QuickView Plus from JASC at http://www.jasc.com/product.asp?pf%5Fid=006 

Now you CAN open virtually any file and email attachment with Quick View Plus 6 – the easy way to view virtually any file.

At least that is what JASC claims.  I am not certain, however, that Quick View will protect against a com file extension that is infected.


Wow Streaming Audio Sharing of the Week --- The Hard-Hitting and Popular Tom Peters Seminars
It is a good idea to download this file before it disappears from the Web --- it's a hard hitting file on e-Education.

Tom Peters, one of the most recognized speakers on management in the USA, has an updated slide show available from his web site. The focus, or target if you will, is education. The information contained on the slides is very provocative, making great summertime "thinking" material as we contemplate the new fall semester. See for yourself at: http://www.tompeters.com/slides/ppt/edu3m.ppt 

Excerpt: "I discovered the brutally simple motivation behind the development and disposition of all systematic instructional programs and tests - a lack of trust that teachers can teach and that students can learn. Frank Smith, Insult to Intelligence

Tom's 168 slides (the hard-hitting education slides don't start until around the 50th slide) use many thought-provoking quotes and stories to drive home several points about the need for change in all aspects of education in the USA. Enjoy!

Neal

Neal Hannon Bryant College Accounting Department Bryant Office 401-232-6227 Home Office 401-769-3802

XBRL Educational Resource Center http://web.bryant.edu/~xbrl  
Introducing XBRL: Decision Making in a Digital Economy

Update from Bob Jensen --- Free Streaming Audio Downloads of Tom Peters' Seminars:
You can download other PowerPoint slides and listen to Tom Peters deliver other seminars (for free) in streaming audio at 
http://eservices.seminarsource.com/PageManagerS?event_id=GWSAE2001&association_id=GWSAE&page_id=9&event_page_id=20589
 

For example, try the one at http://w.seminarsource.com/gwsae01/branding/video28/main.htm


Hi all,

Food for thought....

Larry Crumbley (an accounting professor) started the "The Society for A Return to Academic Standards" (SFRTAS -- http://www.bus.lsu.edu/accounting/faculty/lcrumbley/sfrtas.html ) several years ago. The organization's primary goal is to "Provide information and support for a return to academic standards in higher education." More specifically, "SFRTAS encourages research on faculty pander pollution, dysfunctional aspects of student evaluations of teaching (SETs), misuse of SET data by administrators, dishonesty of students on SETs, invalidity of SET information, denial of due process from use of SET, defamation, impression management, post-tenure reviews, disappearing tenure, and reasons for grade inflation."

Best,

Dan Stone, 
Gatton Endowed Chair of Accounting, 
Univ. of Kentucky, Von Allmen School of Accountancy, 355 Business & Economics, 
Lexington, KY 40506-0034 * 
internet: dstone@pop.uky.edu
www : http://gatton.uky.edu/GattonPeople/People/DepartList/AccDeptList/AccFac/accf ac_14.html   
phone: 859-257-3043, fax: 859-257-3654, office: 355LL Business & Economics


"Colleges clamp down on cheaters," by Karen Thomas, USA TODAY, June 14, 2001 --- http://www.usatoday.com/news/nation/june01/2001-06-11-cheaters-sidebar.htm 

In a 1998 survey by Who's Who Among American High School Students, 80% of college-bound high schoolers admitted they'd cheated at least once. According to an ongoing survey of college students by McCabe, three out of four confess to having cheated at least once. His new survey of 4,500 high school students suggests cheating is even more significant there: 9th- through 12th-graders told McCabe that teachers are "clueless" about how easy cheating has become with new technologies, and 97% of high schoolers admit to "questionable" activities, with more than half having copied from the Net without citing the source.

"Professors need some help in determining if papers are downloaded from the Web," says James Sandefur, honor chair at Georgetown. He was introduced to some software offerings this school year and successfully convinced university administration it was needed schoolwide in the coming year. "We'll have forums over the summer to discuss whether all student work should be scanned for plagiarism or whether it will be up to each professor."

To students competing for academic opportunities, says McCabe, cheating "becomes a question of fairness. 'Someone else is getting away with it, so to keep up my GPA, I need to do it, too,' " he says.

And it exists equally among challenged students and gifted ones. "I really hate sending an e-mail to the dean about plagiarism," says UCLA professor Steve Hardinger. He's among the university's first instructors to test an anti-plagiarism Web service before it goes into schoolwide use this fall. "Some have been A-students, good participants in class, everything you want to see. Then they do this. It's very disappointing."

Paging through test answers

With advancing technologies such as the Net and wireless electronic devices, students admit to sharing test answers and homework assignments via e-mail, message boards and alphanumeric pagers (example: 1C2A3C4B). The growth of computer-based testing (the first pilot groups took SATs online early this year, and two states now administer high-school assessments via PCs) adds a challenge: How do you deal with students proficient in computer-hacking skills?

Clemson, Babson College, the University of North Carolina and several private high schools in Houston are among 19 schools to test out new cheat-proof exam software this spring. Secureexam, by Software Secure, allows students to take tests on exam-room computers or their own laptops, while blocking them from other files or programs, such as a Web browser or e-mail. All 19 schools plan to implement the program this fall.

Educational Testing Services, which administers national tests including Advanced Placement exams, is more concerned with ensuring test-takers are who they say they are at computer-based testing centers. ETS is installing digital cameras, so that student photographs become a permanent part of the test record. The company this year field-tested iris scans for ID purposes in six centers. "It worked very well," says Ray Nicosia, director of test security at ETS.

Still, the easiest and most pervasive form of cheating among students is cutting and pasting term papers directly from Web sites, including dozens of businesses that sell term papers online. Boston University tried in 1998 to shut down nearly 10 term-paper mills used by students; the suit was dismissed in federal court. University attorney Robert Smith says BU still plans to refile the suit at the state level.

Other schools are getting aggressive on campus with students, with software and services designed to detect plagiarized text. "Not only do we wish to battle plagiarism," says UCLA's Hardinger, "but also we'll be letting students know we're using the service, and we'll nip it in the bud — just don't do it."

Patrolling for purloined passages

Columbia University is among schools testing new software that automatically generates and permanently embeds Web addresses as footnotes every time students use information from the Net for school reports.

This summer, textbook giant McGraw-Hill will begin distributing that software free (Hyperfolio, by LearnTech) to all K-12 schools that use its texts. "It enables teachers and students to take advantage of online content responsibly and teaches quality research on the Internet," says LearnTech's Amy Satin.

These technologies are also "great teaching tools," says McCabe, who adds that "a lot of plagiarism turns out to be unintentional." Information technologies are blurring the lines between public information and intellectual property in need of annotation.

As today's high schoolers move to college, he says, the problem will escalate. Students who use the Net freely as a research tool have "defined their own rules and will take them to college." His ongoing study suggests that in two to three years, "unless schools get aggressive," cheating will dramatically increase.

Turnitin.com is the most widely used of several anti-plagiarism services; others include EVE (Essay Verification Engine), Integriguard and AbleSoft's rSchool Detective. Turnitin founder John Barrie says that during term-paper season the service checks about 6,000 papers daily, comparing them against more than 2 billion Web sites, 250,000 student papers on file and a growing database of books and encyclopedias.

More than 30% of papers tested turn out to be less than original, and more than 75% of those are plagiarized from the Net. A 10-page paper takes about 30 seconds to scan and is returned to the user with questionable text color-coded and sourced.

Rather than student policing, Barrie envisions his service as a preventive measure. "We're not out to catch students cheating," he says. "We're out to deter them from cheating."

Columbia University developed software that automatically footnotes Internet sources while students are writing papers.

Bob Jensen's threads of plagiarism are at http://www.trinity.edu/rjensen/plagiarism.htm 


What is JHTML?  What is Dynamo?
"Intro to JHTML," by Alanna Spence, Webmonkey,  27 Jul 2001 --- http://hotwired.lycos.com/webmonkey/01/27/index4a.html 

What's that? You managed to land a job (Congratulations!) at a company that just took the ATG Dynamo plunge and you need to learn JHTML in a hurry? Don't worry. You're a front-end developer, which means you already have the whole HTML thing down pat. And while you wouldn't exactly call yourself a programmer, you're pretty comfortable with JavaScript, CSS, and server-side includes. With that phalanx of Web-dev skills under your belt, you already have what it takes to start creating smart page templates with Dynamo — you just need a guide to get you up and running. And that's just what I'll be serving up in this tutorial.

Even if you have no idea what Dynamo is all about (a fact you mentioned nothing about in that job interview), you're still golden. The basics of Dynamo are pretty easy to understand.

What is Dynamo?

Dynamo is a Java-based Web server application that lets you create dynamic, personalized, server-based applications for the Web. As a front-end developer, the aspects of Dynamo that you'll be dealing with the most are the JavaBean components and Server Pages.

Dynamo Components are server-side JavaBeans and servlets that control the back-end functionality of your Dynamo server. They handle database requests, logging, scheduling, and HTTP requests. These components are connected to your HTML pages by Dynamo Server Pages, which use the .jhtml file extension. Server Pages are basically just additions to standard HTML tags that the Dynamo server processes to create dynamic HTML pages that can be displayed via any old Web browser.

The beauty of Dynamo Server Pages is that they allow you to keep Java code separate from the HTML code. This gives you at least two big advantages: Java programmers can focus on writing Java code and don't have to mess with your HTML, and the JHTML pages that you create are processed by the dynamo server and spat out as nice, readable, standard HTML code with no Java embedded in it. So no browser compatibility issues!

Best of all, the Dynamo interface is nice and easy.


Those companies with cultures that support change
and flexibility reap the biggest Internet-related
rewards, predicts Glenn Yeffeth --- http://cgi.zdnet.com/slink?121419:2700840

AccountingWEB is proud to announce its newest feature, the CareerZONE. This service will enable AccountingWEB members to post job opportunities to the thousands of professionals seeking employment. It also offers helpful tips and articles on employment and recruiting. Check it out today! http://accountingweb.careerbank.com/ 


From eNews and Views on July 25, 2001
This must be really new, because I cannot find it listed under Toshiba products at http://www.toshiba.com/ 

Toshiba Launches Genio PDA Line By Carmen Nobel

Toshiba Corp. has entered the PDA market with the Genio e series, a new family of handheld computers based on Microsoft Corp.'s Pocket PC platform. Two Genio products will be available in Japan later this summer, with products hitting the States later in the year.

The Genio e550, available in August, contains 32MB of main memory. The e550/MD, available in September, adds a 1GB Microdrive. Both models will include both CompactFlash and Secure Digital expansion slots, an Intel 206MHz StrongARM processor, a thin-film transistor LCD screen that supports 65,536 colors, and a lithium-ion rechargeable battery that lasts about eight hours, according to Toshiba officials.

Pricing in Japan will be the equivalent of $560 American for the Genio e550 and $800 American for the Genio e550/MD. Pricing for the models to be sold in the States has not been set.

Toshiba is the latest major computer company to support the Microsoft handheld platform. Compact Computer Corp., Casio Inc. and Hewlett Packard Co. all offer PDAs based on Pocket PC.


One day after congressional committee leaders defend the Digital Millennium Copyright Act, Rep. Rick Boucher emerges as a dissenting voice --- http://www.wired.com/news/politics/0,1283,45548,00.html 

"It's a broad overreach to have a person arrested under the federal criminal laws simply because they made software that circumvents a technological measure," Boucher said. Boucher said his office will draft a bill to be introduced later this year.

The criminal law in question is the Digital Millennium Copyright Act, which was obscure enough when Congress enacted it in 1998, but has emerged as one of the most important and far-reaching technology regulations. Sklyarov is charged with trafficking in a program to bypass Adobe's copy protection for e-books, a federal felony under the DMCA.

"I think the current case adds impetus to the growing effort to fashion an amendment to the DMCA that would restore the classic balance (of fair use rights)," Boucher said.

That promises to be anything but a trivial task. Leaders of the House and Senate subcommittees that oversee copyright law said Tuesday that they would not consider any changes to the DMCA.

Pains in the butt, or super heroes of the computer revolution? How about both. The documentary Hackers: Computer Outlaws takes a look at the world of hackers, from Draper to Woz to Mitnick --- http://www.wired.com/news/politics/0,1283,45522,00.html 

See also:
Sklyarov Release in Feds' Hands
Release the Russian, Adobe Says
Hacker Arrest Stirs Protest
Russian Adobe Hacker Busted
Congress No Haven for Hackers


National Barbecue News (food) --- http://www.barbecuenews.com/ 


From Syllabus News on July 31, 2001

iLrn Launched as Division of Digital Learning Interactive

Digital Learning Interactive, a provider of learning content to the higher education market, recently announced the launch of iLrn, the Interactive Learning Resource Network. iLrn will provide original interactive content, delivered through a learning network that enables instructors to customize the content creates community through use of classroom manage- ment tools, chat, and discussion boards. Students register for their course through iLrn.com and purchase a subscrip- tion that presents them with the precise content their in- structor has adopted and/or customized. The content engages students with resources such as dynamic maps, interactive modules, images, and primary source readings. Instructors and students can highlight, annotate, and create bookmarks within the interactive content.

The iLrn Web site, http://www.iLrn.com  , is set to launch on August 1.

Current products include interactive American History and Introductory French.  I cannot find any products for accounting, finance, and business in general.


From Syllabus News on July 31, 2001 --- ebrary

ebrary and Learning Network Launch Public Beta

ebrary and Learning Network recently launched the first public beta of ebrarian, ebrary's new e-content solution for partners and customers. The co-branded site is available now at http://learningnetwork.ebrary.com . Using a model similar to photocopying, Learning Network visitors pay only to print or copy the information they need. Searching and browsing are free, and there are no membership or subscription fees. Learning Net- work has also customized ebrary InfoTools to link users to relevant information on the Infoplease site. With InfoTools, any word or phrase a user selects can link to research mater- ials such as articles, definitions, biographical information, and statistics.

Bob Jensen's threads on electronic libraries and books can be found at http://www.trinity.edu/rjensen/ebooks.htm 

Also see the search helpers at Bob Jensen's threads on electronic libraries can be found at http://www.trinity.edu/rjensen/searchh.htm  


Sometimes your text is too long for the width of a cell in your Excel spreadsheet. You can change the size of the font and you can change the width of the cell. Both of these techniques help to make text fit within a single cell. But what if you want to leave the font size and the cell size intact? Here's a quick tip for making the text wrap into multiple lines within the cell. http://www.accountingweb.com/item/53892 


Researchers are trying to develop a drug that would eliminate menstruation. The miracle drug could allow women to get pregnant, if they'd like, or to never get pregnant --- http://www.wired.com/news/medtech/0,1286,45589,00.html 

A new drug being developed would eliminate menstruation altogether, while still allowing women to get pregnant. Another drug would eliminate both periods and pregnancy.

A paper published in the July issue of the Journal of Human Reproduction shows that in rhesus macaque monkeys, one drug stopped menstruation while still allowing pregnancy. Another version of it stopped both ovulation and menstruation.

If the drugs, called progestin antagonists, are also successful in humans, they could treat women with the painful symptoms of endometriosis, a build-up of too much uterine lining that affects more than 5 million women in the United States. Women who have painful cramps or other problems with menstruation might also be candidates for the drug.


Big Brother is Looking Up From Down Below
A proposed law that would enable New Zealand enforcement agencies to intercept electronic messages is approved by a parliamentary committee. Kim Griggs reports from Wellington, New Zealand --- http://www.wired.com/news/privacy/0,1848,45501,00.html 

"It doesn't bode well for the future of civil liberties in New Zealand," Locke says.

Michael Bott, secretary of the New Zealand Council for Civil Liberties, agrees with Locke. "It's basically ... that this government really believes in, not Big Brother, but Big Browser, watching us."

The proposed changes are, Bott believes, "Draconian, overreaching and thoroughly intrusive and quite negative in their impact on business."

"When we get a case where we can prove that the state has overreached itself, you can bet your bottom dollar ... that there will be a complaint made to the (United Nations) Human Rights Committee, which we can gladly assist," Bott said.

See also:
Red-Hot Kiwi Cyber Law Debate
Kiwi Tech Laws Taking Hard Turn


Over the last week, I ran a seminar for accountants: spreadsheeting for accountants. Winning title, eh? In addition to the scads of accounting things we did, there were a few power point presentations, too.

Day 1 was an overview of how to start right , together with the basics of generating spreadsheets. I thought you might be interested to see a summary of how I started the week's work, so, here is the day 1 presentation all about designing spreadsheets properly.

http://business.fortunecity.com/discount/29/spreaddesweb.html 

Any problems or other issues and I'm sure someone will let me know.

I also recently uploaded a page of equations, using MS Equations Editor 3.0 for the benefit of people who use equations in their work but find generating them a bit of a pain. There's a basic set of mathematical equations plus a few on compound interest and depreciation. I'll happily take suggestions for additions if anyone asks.

Enjoy the summer.

Duncan X Tesco [duncan.williamson@TESCO.NET


FAS 133 and IAS 39 Tutorial on Partial-Term Hedging
First, consider the term "partial duration" from the IFAC IFAC Glossary --- http://risk.ifci.ch/00012336.htm 

A technique for applying some of the principles of duration analysis to rate changes that affect only part of the yield curve, typically the shorter end of the curve. Partial durations will sum to a value that is usually close to the overall effective duration. Similar concepts are Reshaping Durations, Key-Rate Duration. See also Macaulay Duration, Modified Duration, Effective Duration, Option-Adjusted Duration.
DIG Issue No. F2
Derivatives Implementation Group

Statement 133 Implementation Issue
No. F2

Title: Fair Value Hedges: Partial-Term Hedging

 

Paragraph references: 21(a)(2)(b), 349-350, 434, Footnote 32 to 435

 

Date cleared by Board: July 28, 1999 (Revised September 25, 2000)


QUESTION

May a company designate an interest rate swap with a term of 3 years and a notional amount equal to the principal amount of its 10-year nonamortizing fixed-rate debt as the hedging instrument in a hedge of the exposure to changes in fair value, attributable to changes in the designated benchmark interest rate, of the company’s obligation to make interest payments during the first 3 years of the debt? For example, a company that has issued $100 million of 10-year nonamortizing fixed-rate debt with a coupon rate of 8.25 percent may wish to enter into a 3-year receive-fixed, pay-variable interest rate swap with a notional amount of $100 million. The company believes that interest rates will decline during the first three years of the debt’s term and it wishes to hedge its exposure for only that three-year period.

BACKGROUND

Paragraph 21(a)(2)(b) of Statement 133 indicates that if the hedged item in a fair value hedge is a specific portion of an asset or liability (or a portfolio of similar assets or a portfolio of similar liabilities), the hedged item may be the right to receive or obligation to pay one or more selected contractual cash flows (such as the portion of the asset or liability representing the present value of the interest payments in the first two years of a four-year debt instrument).

Paragraph 434 of the basis for conclusions, which relates to the qualifying criteria for fair value hedges, states:

The Board was reluctant to permit identification of a selected portion (rather than proportion) of an asset or liability as the hedged item because it believes that, in many cases, partial-term hedge transactions would fail to meet the offset requirement. For example, the changes in the fair value of a two-year interest rate swap cannot be expected to offset the changes in fair value attributable to changes in market interest rates of a four-year fixed-rate debt instrument. For offset to be expected, a principal repayment on the debt (equal to the notional amount on the swap) would need to be expected at the end of year two. The Board decided to remove the prohibition against partial-term hedging and other designations of a portion of an asset or liability to be consistent with the modification to the Exposure Draft to require an entity to define how the expectation of offsetting changes in fair value or cash flows would be assessed. However, removal of that criterion does not necessarily result in qualification for hedge accounting for partial-term or other hedges of part of an asset or a liability.

Footnote 32 to paragraph 435, which relates to paragraph 21(a)(2)(b), states, "However, as noted in paragraph 434, it likely will be difficult to find a derivative that will be effective as a fair value hedge of selected cash flows."

RESPONSE

No. A company may not designate a 3-year interest rate swap with a notional amount equal to the principal amount of its nonamortizing debt as the hedging instrument in a hedge of the exposure to changes in fair value, attributable to changes in the designated benchmark interest rate, of the company’s obligation to make interest payments during the first 3 years of its 10-year fixed-rate debt instrument. There would be no basis for expecting that the change in that swap’s fair value would be highly effective in offsetting the change in fair value of the liability for only the interest payments to be made during the first three years. Even though under certain circumstances a partial-term fair value hedge can qualify for hedge accounting under Statement 133, the provisions of that Statement do not result in reporting a fixed-rate 10-year borrowing as having been effectively converted into a 3-year floating-rate and 7-year fixed-rate borrowing as was previously accomplished under synthetic instrument accounting prior to Statement 133. Synthetic instrument accounting is no longer acceptable under Statement 133, as discussed in paragraphs 349 and 350.

By indicating that the hedged item in a fair value hedge may be one or more selected contractual cash flows, paragraph 21(a)(2)(b) permits a company to hedge one or more individual interest payments during a selected portion of the term of a debt instrument. For example, a company may hedge the fair value of its obligation to make the interest payments occurring during the first 3 years of a 10-year debt instrument, as described in the example in the Question. The derivative selected as the hedging instrument in a partial-term fair value hedge must be highly effective at offsetting changes in fair value of the group of selected individual cash flows designated as being hedged. A partial-term fair value hedge of one or more selected contractual cash flows may be achieved under paragraph 21(a)(2)(b) by designating an appropriate derivative instrument (or instruments) as the hedging instrument. For example, the instrument designated as hedging those individual coupon payments could be described as a derivative that can hedge the changes in the fair value of a zero-coupon bond that corresponds to the timing and amount of each individual interest payment.

The above response has been authored by the FASB staff and represents the staff’s views, although the Board has discussed the above response at a public meeting and chosen not to object to dissemination of that response. Official positions of the FASB are determined only after extensive due process and deliberation.

FAS 133 makes it difficult for firms to partial-term hedge with swaps. Ira Kawaller and David Goone show how Eurodollar futures can be used as an alternative.

Partial-Term Update from Ira

I've posted an article on the Kawaller & Company website, "Partial-Term Hedging," which was recently published in a Risk Magazine Supplement.

The article was motivated by the fact that FAS 133 precludes the application of hedge accounting when shorter term interest rate swaps are used to hedge longer term fixed rate debt -- e.g., swapping from fixed to floating on the first three years of debt having a maturity of five years. This article demonstrates how eurodollar futures may be used to acheive the intended objective, while still preserving the capacity to use hedge accounting.

The article is the first one listed under "Interest Rate Articles," at the following address: http://www.kawaller.com/articles.htm 

I would welcome your feedback or any questions you may have.

Sincerely,

Ira Kawaller kawaller@idt.ne  
www.kawaller.com
 

Bob Jensen's Eurodollar cases are linked at  http://www.trinity.edu/rjensen/caseans/000index.htm

Bob Jensen's FAS 133 and IAS 39 Glossary is at http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm 



Searchers Beware
From eNews and Views on July 25, 2001

Gary Ruskin can accept, grudgingly, search engines' increasing use of advertising-driven search results. He just wants the search engines to come clean.

That's why Ruskin, executive director of consumer advocacy group Commercial Alert, in Sacramento, Calif., filed a complaint with the Federal Trade Commission last week, alleging that seven search engine companies are engaging in deceptive advertising practices by not properly describing search results that are given higher relevance on a search results page because advertisers paid for the placement.

"We hope the FTC will require the search engines to tell us when an advertisement is an advertisement," said Ruskin. "And we hope that people will stop using search engines that have no editorial integrity."


A flashy Cuban website espouses Castro's great cause with wit and panache. The interesting part is that it's targeted toward exiles --- http://www.wired.com/news/culture/0,1284,45485,00.html 

Updated every Friday with high-quality articles from all over the world, it's not something that you'd expect from blockaded, communist Cuba -- a country listed as one of the 20 enemies of the Internet by Reporters Without Borders.

Jiribilla -– a slang word that means "mischievous boy" -- began in May by the staff at Juventud Rebelde, Cuba's second-largest newspaper. "We are a group of young journalists and intellectuals that create La Jiribilla in our after-hours, without receiving a cent for it," said Rosa Miriam Elizalde, Juventud Rebelde's editor in chief.

See also:
Our RAM in Havana
Silicon Island: A Cuban Fantasy?
Faint Voices Rise From Cuba
Cuba Hears Call for Wireless


Although the vast majority of educational CD-ROMs were commercial failures, a noteworthy exception that was adopted by virtually all medical schools and many colleges, was the A.D.A.M. CD on medical anatomy.   A unique feature is layering approach in which users can point to a part of the body and then strip away the layers one-by-one and both see and hear underlying parts defined and explained.

There are various versions, including surgical viewing and interaction modules.

A.D.A.M is now online as the Anatomy Online Anatomy (AOA) at  http://anatomy.adam.com/

A.D.A.M.’s eLearning products combine award winning medical illustrations and content along with the powerful distribution capabilities of the Internet to deliver the most comprehensive web-enabled educational tools available today.

adam online anatomy is a comprehensive database application utilizing detailed anatomical images to teach and explore and identify the intricacies of the human body. Users have the ability to point and click to zoom, highlight, search and identify more than 20,000 anatomical structures within fully dissectible male and female bodies in anterior, lateral, medial and posterior views and linking this imagery to their online presentations by simply clicking the supplied HTML button.

IPweb offers an exciting online exploration of physiology and anatomy through engaging imagery and. Co-developed by Benjamin/Cummings and A.D.A.M., IPweb uses content-rich tutorials, Shockwave animations, quizzes and tests to explain physiological concepts and processes that are challenging to teach and learn. Seven systems of the body are thoroughly explained. Since 1995, students have been using the award winning Interactive Physiology series to help them succeed in A&P. IPweb can help you make the grade.


From Ecommerce Discussion Digest on August 1, 2001

What is XML?? A technical definition of XML or Extensible Markup Language is "a document markup language for defining structured information" ---  http://html.about.com/library/weekly/aa091500a.htm#markup

http://www.compuware.com/products/fileaid/cs/  --- COMPUWARE's product supports it?

 http://www.xmlspy.com / --- XML development environment?

 http://www.netwind.com/html/xml.htm l --- XML Development Courses?

 http://www.online-learning.com/  --- XML Online (Internet) Courses?

 http://www.learnkey.com/lkweb/Products/XML/index.asp  --- Courses from "Industry Experts"?

 http://www.citrixiforum.com/iForumGuest/cds/host.dll  - Forum Topics?

 http://www.netwind.com/html/xml.html  --- Training Vedios and CDs?

Bob Jensen's threads on XML, XLink, XHTML, XBRL, XForm, XSLT, RDF and the Semantic Web --- http://www.trinity.edu/rjensen/xmlrdf.htm 


Am I ANNOYING or NOT? --- http://www.amiannoying.com/ 

I found this site annoying.  For example, Wynona Rider is the most annoying celebrity, because: "She suffers from panic attacks and depression."  
If anyone really suffers from medical depression, the most annoying people are those who are annoyed by someone else's disease.  

Georgina Grenville was found to be the least annoying celebrity, because:  "She won the opening round of the South African Elite 'Look of the Year' when she was 14 years old (1990). She has posed full frontally nude. She enjoys playing the guitar, scuba diving and writing."  
I guess if Georgina could simultaneously write and play the guitar under water while scuba diving in the nude, that would be unique, but doing these things separately rather than simultaneously hardly makes her unique or the least annoying celebrity.

Give us a break.




How quickly do our networked writings and our other contributions to society become "anonymous" or blended to where authorship becomes indeterminate?

Neil Postman is the author of many books.  See http://www.pbs.org/netlearning/postman.html 
One example is discussed at http://www.booknotes.org/transcripts/10183.htm 

Author: Neil Postman
Title: Technopoly: The Surrender of Culture to Technology
Air date: August 30, 1992

BRIAN LAMB: 
Neil Postman, author of "Technopoly: The Surrender of Culture to Technology", what's your book all about?


NEIL POSTMAN: 
The tendency in American culture to turn over to technology sovereignty, command, control over all of our social institutions. In other words, the book is about how American has developed a new religion, as it were, and the religion is its faith in that human progress and technological innovation are the same thing and that paradise can be achieved through greater and greater commitment to technology.

Comments by Bob Jensen
Author Neil Postman welcomes adaptation and distribution of his writings. Richard Van Scotter did just than in a speech below.  It is not easy to know what parts of the speech are from Postman and what parts are from Van Scotter, although Van Scotter does cite Postman.

The speech was delivered at a Junior Achievements Award Ceremony. Postman's encouragement to use, adapt, and add to his work signifies a growing trend of circulating seeds of writing by email with a hope that others will make it bloom and grow. This happens most frequently with jokes, but it is also a new trend in scholarship and authorship.

A problem that this presents is that modifications eventually lose track of authorship credits. It's awkward to cite every change in wording and every addition within adapted text. Eventually some writers even turn credits/citations into "Anonymous." Over time, even the citation to "Anonymous" becomes lost as the article spreads across the capillaries of the network

Initially, additions can be add-ons and/or message threads. I will illustrate by adding on a message received from Bernadine Raiskums from Alaska. But numerous add-ons/threads become disjointed such at some point readers are tempted to blend the add-ons into the basic text.

In any case, I found Neil Postman's speech and the add-on from Professor Raiskums to be interesting. I wonder how what you read below will germinate and mutate over electronic networks over the next decade. I received this (Postman? or Richard Van Scotter?) article from Barbara Scofield [scofield_b@UTPB.EDU] who apparently listened to Van Scotter's speech.

Bob Jensen

****************************************************************************

The Legacy of Our Spiritual Ancestors
Adapted by Richard Van Scotter, Junior Achievement Inc. Colorado Springs, CO, July 2001 
From "My Graduation Speech" in Conscientious Objections
by Neil Postman 
For the original Postman speech, go to http://sistem.ie.metu.edu.tr/speech.htm 
For more information about Neil Postman, go to http://www.booknotes.org/transcripts/10183.htm 

Teacher fellows and guests have no fear. I am well aware that on this final day of our fellowship what you require, first and foremost, of any speaker is brevity. I shall not fail you in this respect. There are exactly 80 sentences in my speech, four of which you have just heard. It will take me about 10 minut4s to speak all of them, and I must tell you such economy was not easy to arrange, because I have chosen as my topic the complex subject of your ancestors. Not, of course, your biological ancestors, about whom I know nothing, but your spiritual ancestors, about whom I know a little.

To be specific I want to tell you about two groups of people who lived many years ago but whose influence is still with us. They were very different from each other, representing opposite values and traditions.

The first group lived about 2,500 years ago in a place we now call Greece, in a city they called Athens. They were the first truly literate population on earth and invented the idea of political democracy, which they practiced with a vigor that puts us to shame. They invested what we call philosophy, logic, rhetoric and conceived of major ideas that lead to the development of science. They composed epic poems of unsurpassed beauty and insight. And they wrote and performed plays that almost three millennia later have the power to make audiences laugh and weep.

They even invented what, today, we call the Olympics, and among their values none stood higher than that in all things one should strive for excellence. They believed in reason, in beauty, and in moderation. And they invested the idea that we know today as ecology.

About 2,000 years ago, the vitality of their culture declined and these people began to disappear. But not what they had created. Their imagination, art, politics, literature, and language spread worldwide so today it is hardly possible to speak on any subject without repeating what some Athenian said on the matter 2,500 years ago.

The second group of people lived in a place we now call Germany and flourished about 1,700 years ago. We call them the Visigoths, which most of us read about in our sixth-or seventh-grade texts. They were superb horsemen, which is about the only pleasant thing history can say of them. They were marauders - ruthless and brutal people.

Their language lacked subtlety and depth. Their art was crude and even grotesque. They swept through the countryside destroying everything in their path, and they overran the Roman Empire.

The Visigoths relished burning a book, destroying a building, or smashing a work of art. From the Visigoths, we have no poetry, no theater, no logic, no science, no humane politics. Like the Athenians, the Visigoths disappeared, but not before helping usher in the Dark Ages. It took Europe almost a thousand years to recover from these barbarians.

Now the Athenians and Visigoths are far from just passages in our history books; both cultures survive through us and in the ways that we conduct our lives. All around us in this community, in our city and country, there are people whose way of living reflects that of the Athenians, and there are those whose lives reflect the way of the Visigoths. Of course, to be a modern-day Athenian doesn't mean you have to roam abstractly through the streets reciting poetry and philosophy; likewise, modern Visigoths aren't necessarily killers.

To be an Athenian or a Visigoth is to organize your life around a set of values. An Athenian is an idea. And a Visigoth is an idea. Let me tell you briefly what these ideas consist of.

To be an Athenian is to hold knowledge and , especially, the quest for knowledge in high esteem. To contemplate, to reason, to experiment, to question - these are the most inspiring activities a person can perform. To a Visigoth, acquiring knowledge is useless unless it can help you earn money or gain power over people.

To be an Athenian is to cherish language because you believe it to be humankind's most precious gift. In their use of language, Athenians strive for grace, precision, and variety. And they admire those who can achieve such skill. To a Visigoth, one word or sentence is as good as another. A Visigoth's language aspires to nothing higher than the cliché or sound bite.

To be an Athenian is to understand that the thread which holds modern society together is thin and vulnerable. Therefore, Athenians place great value on tradition, social restraint, and continuity. The modern Visigoth cares very little about this. The Visigoths think of themselves as the center of the universe. Tradition exists for their convenience, good manners are an affectation and a burden, and history is merely what is in yesterday's newspaper.

To be an Athenian is to take an interest in public affairs and to improve public behavior. Indeed, the ancient Athenians had a word for people who did not: The word was idiotes, from which we get our word "idiot." A modern Visigoth is interested only in his own affairs and has no sense of the meaning of community.

Finally, to be an Athenian is to cherish the discipline, skill, and taste required to produce enduring art. In approaching a work of art, Athenians prepare their imagination through learning and experience. To a Visigoth, there is no measure of artistic excellence except popularity. What catches the fancy of the multitude is good. No other standard is respected or even acknowledged by the Visigoth.

Now, it must be obvious what all this has to do with you. Eventually, like the rest of us, you must choose one way of life or the other. You must be an Athenian or a Visigoth. Of course, it is much harder to be an Athenian, for you must learn how to be one, you must work at being one, whereas we all, in a way. Are natural-born Visigoths. That is why there are so many more Visigoths than Athenians. And all of us, young people and adults alike, must resist powerful cultural forces that work to bring out the barbarian in us.

Likewise, no one becomes an Athenian merely by attending school and accumulating academic degrees. I know physicians, lawyers, and engineers who are Visigoths of unmistakable persuasion. No doubt, you even know a few teachers who are at least closet Visigoths.

Yet, we must not doubt for a moment that a school is essentially an Athenian idea. There is a direct link between the cultural achievements of Athens and what this school is all about. Plato, Aristotle, or Socrates would be quite at home in our classrooms. A Visigoth would merely scrawl obscenities on the wall.

And so, whether you were aware of it or not, the purpose of your education is to carry on the Athenian way. In the classroom, hallways, after-school clubs, or on athletic fields, everything we do as students, teachers, parents, and educators can foster a civilized, good society.

We cannot know on this day how many of you will choose the Athenian way, and who will not. You are young and it is not given to use to see your future. But I will tell you this, with which I will close: I can wish for you no higher compliment than that in the future it will be reported that among this group the Athenians mightily outnumbered the Visigoths.

Thank you. It's been my pleasure to be with you these past few days.

Adapted by Richard Van Scotter, Junior Achievement Inc. Colorado Springs, CO, July 2001 From "My Graduation Speech" in Conscientious Objections by Neil Postman

**********************************************************************************************

I find it interesting that Richard Van Scotter chose for his speech to 2001 Junior
Achievement Teacher Fellowship an adaptation of Neil Postman's speech describing the Athenians and Visigoths as our spiritual ancestors (Barbara Scofield's posting of July 28). Interesting, in that neither of those two groups lived on our continent; while the Native Americans who comprised the first people of our continent are not credited as being our spiritual ancestors. The reason most likely being that we of many ancestries living here today choose to set our standards by reaching back to strangers for spiritual guidance rather than by searching about us to the richly storied spiritual roots, values, and traditions of the very people we live among. Interesting, yes, and strange.

Bernadine Raiskums, M.Ed., CPA, CIA
Adjunct Instructor of Accounting
University of Alaska, Anchorage
907-333-2399
Bernadine and Peter Raiskums [berna@GCI.NET

**********************************************************************************************


From Michael Gasior's July 2001 Newsletter:

I do realize that I sometimes try to make myself sound as old as the hills, but in truth I think I just feel that way sometimes...like many of you. The fact is that I have been watching the financial markets up close for a little over 20 years now and I actually feel privileged to have lived through some of the most amazing moments in financial history during that relatively brief period. Many, or most of you have lived through these moments with me so stop and consider the following list:

--In November 1981 the U.S. Treasury issued 20 year bonds with 15.75% coupons

--During that same November of 1981 money market accounts paid 22%

--The creation of "junk bonds" and the advent of the LBO

--The stock market crash of 1987 when the Dow dropped almost 21% in a single day

--The "bubble" economy of 1980's Japan and the following collapse of their financial markets

--Explosive use of derivatives during the 90's and some spectacular failures and losses

--Our Internet/NASDAQ bubble and burst at the end of the Millennium

Truthfully, only one of these items might normally occur as a "once in 50 years" type of phenomena. For us to have experienced them all in barely 20 years is amazing. I even omitted some other unbelievable stories that were huge in their location and extremely important to their local economies. Whenever I think there can't be anything left for the financial markets to surprise us with I am always left shaking my head. Well here I am shaking my head again this month.


Forwarded by Auntie Bev

Senior citizens are constantly being criticized for every conceivable
deficiency of the modern world, real or imaginary. Upon reflection, I
would like to point out that it was not the senior citizens who took:


* The melody out of music,

* The pride out of appearance,

* The romance out of love,

* The commitment out of marriage,

* The responsibility out of parenthood,

* The togetherness out of the family,

* The learning out of education,

* The civility out of behavior,

* The refinement out of language,

* The dedication out of employment,

* The prudence out of spending,

* The ambition out of achievement,

* And they certainly are not the ones who eliminated
       patience and tolerance from relationships.


Finally, and at the risk of being a wet blanket, I must,
however, point out that they spawned the children that DID.
 


Also forwarded by Auntie Bev
Great Reasons to Be a Guy --- http://www.netpathway.com/~jdmason/greatreasons.htm 


Forwarded by Dr. Wolff

My Special List

I have a list of folks I know... all written in a book, And every now and then.. I go and take a look.

That is when I realize these names ... they are a part, not of the book they're written in... but taken from the heart.

For each Name stands for someone... who has crossed my path sometime, and in that meeting they have become... the reason and the rhyme.

Although it sounds fantastic... for me to make this claim, I really am composed... of each remembered name.

Although you're not aware...of any special link, just knowing you, has shaped my life... more than you could think.

So please don't think my greeting... as just a mere routine, your name was not... forgotten in between.

For when I send a greeting... that is addressed to you, it is because you're on the list... of folks I'm indebted to.

So whether I have known you... for many days or few, in some ways you have a part, in shaping things I do.

I am but a total... of many folks I've met, you are a friend I would prefer... never to forget.

Thank you for being my friend!




And that's the way it was on August 3, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

 

Links to the following accountancy documents:

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

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 Hline.jpg (568 bytes)

 

July 27, 2001

Quotes of the Week

We're still waiting for something complete, like maybe just one little sonnet!

We've all heard that a million monkeys banging on a million typewriters will eventually reproduce the entire works of Shakespeare. Now, thanks to the Internet, we know this is not true. 
Robert Wilensky (1951- ), American academic

I met a lady recently who can only do one thing at a time.  I asked, "How do you function like that?"  She said, "That's just the way I am.  I'm a perfectionist."  And I said, "Okay.  I am not a perfectionist.  Is that why I can do five projects at one time?"
Reba McEntire, "Hot as a Pistol," Readers Digest, July 2001, p. 91

The moment of victory is much too short to live for that and nothing else.
Martina Natratilova

If you are not criticized, you may not be doing much.
Donald Rumsfeld, U.S. Secretary of Defense

"I love accounting!" I start each semester's first session of my MBA and Masters of Accountancy (MAcc) classes that way to let the students know that I'm still very enthusiastic about the career I chose 40 years ago and continue to pursue. (I also tell them that if they exhibit at least a reasonable amount of enthusiasm in return it will make the class much more enjoyable for me and for them too!)
Dennis Beresford, "If I could do it over again," CPA Journal of the New York State Society, July 2001 --- http://www.nysscpa.org/ 



Wow Accounting Lecture of the Week --- 
Denny Beresford's Terry Breakfast Lecture
Subtitle:  Does Accounting Still Matter in the "New Economy?" 

Every accounting educator and practitioner should read Professor Beresford's Lecture at http://www.trinity.edu/rjensen/beresford01.htm 

Bob,

Thanks for the kind comments. Feel free to post my Terry Breakfast presentation at your web site if you want. I made the presentation last Thursday so it won't be possible to video tape it.

Denny


Turn off da bubble machine! 
Lawrence Welk

Double, double, toil and trouble;
Fire burn and cauldron bubble.

Shakespeare in MacBeth (Act 4 scene 1 line 10-11),

A History Lesson --- http://www.financiallinks.uk.com/Insider/faq/bubbles.htm 
(I can't imagine that no current writers made this "tulip" analogy, although I did not discover any current articles that did so with tulips.)
If you make the following time warp substitutions, see what you get:

"dot.com" for "Tulip"  and " tulip bulb"
"2000" for "1600"
"World" for "Holland"
Other similar substitutions for time and context

Tulip Bubble (or should we say Dot.com Bubble?)

In Holland during the early 1600’s it was not stocks, but tulip bulbs that made investors rich beyond their wildest dreams, ruined thousands when the Tulip Bubble burst, and threw the national economy into major depression.

Yes we are talking about a flower here--the tulip. Not just a any plain old tulip, but those with the mosaic virus which produced pedals with contrasting colored strips. These bulbs were called "bizarres." These infected bulbs became all the rage in Holland and the more bizarre a bulb was the more it was worth. Speculators began buying bulbs just for the purpose of reselling them at a profit and became rich doing so more speculators wanted in on the action and easy money which just produced more demand for the bulbs further pushing up their prices. Soon any one could make lots of easy money buying and selling tulip bulbs--full blown tulip mania.

Tulip prices rose steadily then wildly as nobles, farmers, maid-servants, and chimney sweeps profited from the madness. The normal industry of the nation stopped as everyone engaged in profligate speculation in tulip bulbs.

The Tulip Bubble was in high gear as valuables such as land, jewels, and even once an entire house was traded for a single tulip bulb.

An option market in tulip bulbs even developed allowing the Dutch to leverage their ability to speculate on bulbs.

One sailor thinking the red bulb on a tavern owner’s counter was an onion (it was a valuable tulip bulb) carved it up as topping on his herring and was thrown in prison charged with a felony.

And then one day bulbs quit rising in price when there was nobody left to pay a higher price for them. All the buyers who might buy them had been driven out of the market. With no supply of buyers left to bid on bulbs they begin to fall in price and economic panic set in. Government officials assured the public that all would be all right, but dealers went bankrupt as did speculators and the general public. A severe depression set in for years with the crash of the Tulip Bubble.

From: Burton G. Malkiel, A Random Walk Down Wall Street

From a historical perspective, it is important to note that the bursting of the Tulip Bubble did not prevent the continued importance of tulips for hundreds of succeeding years in Holland's economy.  What happened is that tulips were placed in their proper perspective on real ground rather than speculation's hot air.  Similarly, the bursting of the Dot.com Bubble does not blow up the future prospects of the online networked economy in the 21st Century..  What is now happening is that the Dot.com industry is being placed in its proper perspective.  Fewer bright and talented young men and women will be able to become multi-millionaires on the basis of bad management and speculation fever instead of a lifetime of dedicated labor.

The Tulip Bubble in the 1600s was followed by the South Sea Bubble in England in the 1700s, the railroad scandals of the 1800s, and the real estate frauds of the 1900s.  All have led to better accounting and punishments for managers and accountants who "let the money out of the door if it doesn't advance the business of the company."  See "The Tragedy of Webvan," Fortune, (I think a typo states August 13 rather than July 13, 2001) --- 
http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=203515&_DARGS=%2Feditorial%2Fcurrent_issue.html.21_A&_DAV=Technology 

What I didn't calculate was the stupidity of some management decisions. Here's one: Last December, right after I made my last purchase of its shares, at a time when Webvan had just two quarters' worth of cash in the bank, the company started repainting all of its brightly colored vans. After less than two years of operations, Webvan decided to launch a rebranding campaign.

Re-branding? The company's brand was barely established in the minds of its few customers! The company was running out of money, and raising more money was getting harder every day, yet management decided to get the vans repainted.

I'm sure the amount was small, perhaps less than $100,000. But that was cash out the door, cash that could never be used for any other purpose. Which illustrates one reason Webvan failed--there were no real entrepreneurs running this company. Real entrepreneurs never let money out the door for any reason that doesn't strictly advance the business of the company.

Some history references of possible interest to accountants are listed below:

It is also interesting to read about  The South Sea Bubble and The Great Florida Real Estate Bubble at  http://www.financiallinks.uk.com/Insider/faq/bubbles.htm 
Note that The South Sea Company was treating its common share sale like they were net income.  This seems to be what the Dot.com companies of modern times were doing (i.e., failing to distinguish stock sale cash flows from revenue cash flows).

Thank you Jagdish Gangolly
History of accounting controversies in a timeline perspective --- http://www.albany.edu/acc/courses/spring97/acc611/history.html 

Wow Online Accounting History Book
Thank you David A.R. Forrester for providing a great, full-length, and online book:
An Invitation to Accounting History --- http://accfinweb.account.strath.ac.uk/df/contents.html 
Note especially Section B2 --- "
Rational Administration, Finance And Control Accounting:  the Experience of Cameralism" --- http://accfinweb.account.strath.ac.uk/df/b2.html  --- 

Related references can be found in Bob Jensen's introduction to accounting theory at http://www.trinity.edu/rjensen/acct5341/theory.htm 


Wow Site of the Week
AskOxford.com --- http://www.askoxford.com/ 

Ask the Experts
World of Words
Better Writing
Word Games
Global English
Shop
Education
Press Room
Contact Us

New words that are contenders for inclusion in The Oxford English Dictionary --- http://www.askoxford.com/worldofwords/ 

Word of the Week

nickel 
a silvery-white metal. The name comes from a shortening of German Kupfernickel, the copper-coloured ore from which nickel was first obtained, which in turn was named from Kupfer `copper' + Nickel `demon' (with reference to the ore's failure to yield copper)
.


From The Economist 
The World in 2001 (By Country and Time Span) --- http://www.theworldin.com/ 
Sections include Science, Business and Management, and Leaders


Photographic memories from around the world
http://www.schneuwly.com/ 

Cafe-de-Flore --- The Birth of Surrealism --- http://www.cafe-de-flore.com/indexa.htm 
You will love the music as well as the art and history --- check this site out!

Saint-Germain-Des-Prés, magical word. It is a unique district of Paris, where various movements of artistic and literary creation kept close and intermingled in a universe of freedom.

The Café de Flore appeared at the beginning of the third Republic, probably in 1887. Its name comes from small divinity sculpture which was on the other side of the boulevard. At the end of the nineteenth century, Charles Mauras, who, lived at the second floor, wrote his book entitled "Under the Flore Sign".


Hi Christine,

I find it difficult to answer your questions with making it seem that I am bragging or trying to describe myself as some kind of academic hero.  There are many other persons, many of them professors, who do as much or more than me in terms of providing a free Website and in trying to help strangers and friends on research issues.  In my message below, I am speaking for them as well as myself.

I think all professors keep some type of "scrapbook" of articles and notes regarding subjects that they teach and research. Many keep clippings and photocopies in file folders. For me this became inefficient in terms of storage space and search time when looking for something. About 10 years ago, I commenced to digitize as much as possible and add my own commentaries.

About eight years ago, I decided to start sharing parts of my "scrapbook" with the world.  I also commenced an email newsletter that I sent out weekly concerning new things I learned (especially links in Web pages that I stumbled upon). Most accounting educators and practitioners found these email newsletters helpful, but some complained that my email updates were so long that they clogged their email systems. I agreed, so then I started putting all updates up as Web documents --- http://www.trinity.edu/rjensen/bookurl.htm  

I prepare materials for workshops on selected topics (typically education technologies and/or accounting theory). In some instances, I invite experts to share the platform and get their permission to post their documents and audio files at my Website. To date I have presented these workshops in over 350 colleges, so you can imagine how large my files of materials have become over the years. I also videotape most conference presentations that I attend as a member of the audience. Usually the speakers allow me to make clips of their presentations available at my Website. Two examples where I include audio clips of experts who shared the platform with me are listed below:

http://www.cs.trinity.edu/~rjensen/000cpe/00start.htm 

http://www.cs.trinity.edu/~rjensen/000overview/mp3/133intro.htm 

I also share virtually all of my course materials. See http://www.trinity.edu/rjensen/#Courses 

One of the thrills of my life is to get a message like your message below. These messages reveal that others appreciate my efforts to help them. But in doing so, I have created some monster updating problems that cut deeply into my time. It is a major effort to keep my most popular documents up to date in this constantly-changing world. For example, the documents that take many hours each week to update include the following:

http://www.trinity.edu/rjensen/bookbob.htm 

http://www.trinity.edu/rjensen/245gloss.htm 

http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm 

Why do I do I spend so much time making my Website ( http://www.trinity.edu/rjensen/ ) helpful to the world? Why do I spend so much time helping strangers (like you) and friends with their research? These are complicated questions. A number of reasons are mentioned below:

I hope my ramblings above give you some indication of why I do what I do.  Not everyone basks the same joys in sharing as I am privileged to experience both in my email messages and in my Website, but I most certainly am not unique in this regard.  There are many others on the Web who do as much or more than me as a public service.  However, just because some of us choose to share for free does not mean that we view those who charge as capitalist pigs.  There is nothing wrong with charging for intellectual capital, and the world would still be in the Dark Ages if people with talent, ideas, and labors could not be rewarded in money as well as pride.  There is room for all of us on what might be called the Web of intellectual capital.

Thank you for your kind words.

Bob Jensen

-----Original Message----- 
From: abm@icms.net [mailto:abm@icms.net]  
Sent: Friday, July 20, 2001 9:42 PM 
To: rjensen@trinity.edu Subject: RE: Activities Based Costing (ABC) listing

Dear Mr. Jensen -

That was fast! I should contact Tom Peters and tell him to stop searching... I've found WOW! In addition to producing a remarkable web site, you also respond so quickly! I appreciate your adding our link.

May I ask what your goal was for starting your web site? And how long - and why - did it take to grow to it's current state? I'm a devotee of the Internet and am delighted to find a site with so much content with so little advertising and hype. Again, I'm just wondering "Why?" I hope it's altruistic.

Have a great weekend. It's well deserved.

Christine Nola ICMS, Inc. 
Helping Customers Improve Using ABM Since 1988 
Phone: 817-483-6511 E-mail: abm@icms.net 


Dear Jamshed XXXXX

First, it would seem that KPMG is correct pursuant to Paragraph 74 of IAS 39.

FAS 133 is silent on this matter, although the IAS 39 Paragraph 74 rules are, in my viewpoint, consistent with US GAAP in general. My former student, Paul Pacter, authored IAS 39 and helped author FAS 133. He does not mention that Paragraph 74 of IAS 39 as a point where FAS 133 differs. You can read his summary of where there are differences between IAS 39 versus FAS 133 at http://www.iasc.org.uk/cmt/0001.asp?s=100107225&sc={D41D74AC-7D6C-11D5-BE63-003048110251}&n=3288 

An implicit rate of interest is commonly used as a surrogate adjustment for fair value since face value of a non-interest bearing receivable includes implicit interest.  See http://lcb1.uoregon.edu/sneed/Ch7.pdf 
In practice, US GAAP allows firms to ignore implicit interest adjustments to receivables due within one year unless such adjustments are deemed material in amount.  Your past-due receivables probably extend beyond one year and implicit interest is probably material in amount.

One of my favorite documents showing implicit interest calculations in receivables is http://focusedmanagement.com/focus_magazine/back_issues/issue_02/pages/qhg.htm 

Hope this helps.

Bob Jensen

-----Original Message----- 
From: XXXXX
Sent: Friday, July 20, 2001 11:59 PM 
To: rjensen@trinity.edu 
Subject: IAS 39 vs. FAS 133

Dear Bob 
I've been surfing your website and find it most useful and helpful.

I wonder if you can help me with a relatively simple issue with these standards.

I work for a public quoted company in YYYYY, Oman (Persian Gulf) and are required to follow IAS39 for local statutory reporting. Our parent company is American and naturally requires us to follow FAS 133, not IAS39. We do not have any hedges or derivatives and to that extent the above standards do not apply.

However, we do have accounts receivable (A/R) which are significant, approx. 65% of the total capital employed. About 40% of these A/R are overdue. KPMG our auditors insist that these A/R must be shown at "fair value " on the balance sheet date as per IAS39. They require that... on the overdue debt we must calculate "imputed interest" and reduce the carrying value of the A/R by that extent by charging the difference to the income statement. This is done by estimating the date on which the debt is expected to be recovered and the taking the simple interest on the period from the BS date to the expected repayment date. Example: Overdue debt on Dec 31, 2000 is USD 1,000. Expected date of repayment : June 30, 2001 Overdue period : 180 days Simple interest rate : 10 pct

Therefore imputed interest: USD 1000 x 180/360 x 10 % = $ 50.

Question for you Bob : Is imputed interest allowed under FAS 133? I shall be most grateful if you would share with me your views

If you have any queries please contact me

Best regards

Jamshed XXXXX


Wow e-Education PowerPoint Sharing of the Week
It is a good idea to download this file before it disappears from the Web --- it's a hard hitting file on e-Education.

Tom Peters, one of the most recognized speakers on management in the USA, has an updated slide show available from his web site. The focus, or target if you will, is education. The information contained on the slides is very provocative, making great summertime "thinking" material as we contemplate the new fall semester. See for yourself at: http://www.tompeters.com/slides/ppt/edu3m.ppt 

Excerpt: "I discovered the brutally simple motivation behind the development and disposition of all systematic instructional programs and tests - a lack of trust that teachers can teach and that students can learn. Frank Smith, Insult to Intelligence

Tom's 168 slides (the hard-hitting education slides don't start until around the 50th slide) use many thought-provoking quotes and stories to drive home several points about the need for change in all aspects of education in the USA. Enjoy!

Neal

Neal Hannon Bryant College Accounting Department Bryant Office 401-232-6227 Home Office 401-769-3802

XBRL Educational Resource Center http://web.bryant.edu/~xbrl  
Introducing XBRL: Decision Making in a Digital Economy

Update from Bob Jensen --- Free Streaming Audio Downloads of Tom Peters' Seminars:
You can download other PowerPoint slides and listen to Tom Peters deliver other seminars (for free) in streaming audio at 
http://eservices.seminarsource.com/PageManagerS?event_id=GWSAE2001&association_id=GWSAE&page_id=9&event_page_id=20589
 

For example, try the one at http://w.seminarsource.com/gwsae01/branding/video28/main.htm 


Hi Irina,

I used Guru for a while, but I ran into difficulties when its dedicated key strokes (especially Alt-Click) interfered with other software like Photoshop.

Model accounting reports can be at various levels. In a sense, every corporate annual report serves as a model accounting report. Even better are those of the EDGAR filers at http://www.sec.gov/info/edgar.shtml 

But the above models are complex. You will find more simple examples in the standards literature listed by Gelman Library at http://www.gwu.edu/gelman/guides/business/accountbib.html  .

In particular note the reference
Vickman, T. M. (1995). Handbook of model accounting reports and formats. Englewood Cliffs, NJ: Prentice Hall.
It contains hundreds of detailed examples of model, ready-to-use accounting reports and graphics.
Barnes and Noble lists it as follows:

Handbook of Model Accounting Reports and Formats 
Thomas M. Vickman
Format: Hardcover, 2nd ed., 416pp. 
ISBN: 0134001850 
Publisher: Prentice Hall PTR Pub. 
Date: May 1995 Edition Desc: 2nd ed

Hope this helps,

Bob Jensen

-----Original Message----- 
From: Irina Golovachova [mailto:ig@leonorm.lviv.ua]  
Sent: Tuesday, July 24, 2001 12:07 PM 
To: rjensen@trinity.edu  
Subject: Guru software

You recommended to refer to atomica.com, and I really liked this site very much. That's why I was surprised to find another site mentioned in the same text:: "On PBS television, the Wall Street Journal's technology editor, Walt Mossberg, clued me in on one of the neatest free software downloads that I have ever seen. Guru software is from Israel, and the web site is at http://acronymfinder.com/  " Is it a mistake ? Thank you. 

And a question more. Where I can find model accounting reports ? 

Thank you. Irene.


Update on free sharing of courseware from MIT, Stanford, EDUCAUSE and elsewhere.
"CourseWork: An Online Problem Set and Quizzing Tool," by Charles Kerns, Scott Stocker, and Evonne Schaeffer, Syllabus, June 2001, 27-29.  I don't think the article is available online, although archived table of contents for the June edition is at http://www.syllabus.com/syllabusmagazine/magazine.asp?month=6&year=2001 

A Web-based learning support tool that helps faculty assess student understanding will soon be a component of the Open Knowledge infrastructure under the development at Stanford, MIT, and other universities.

THE OPEN KNOWLEDGE INITIATIVE (OKI)

MIT, along with its principal partner Stanford University, has launched The Open Knowledge Initiative (OKI), an ambitious project to develop a modular, easy-to-use, Web-based teaching environment for assembling, delivering, and accessing educational resources and activities.  The initiative emerged from the realization that our institutions were repeatedly building specialized Web applications that shared common requirements for enterprise data and services.  Existing commercial products still require extensive customization to integrate into student information, authentication, and authorization systems, and related data stores.  Faculty using these tools frequently complain that while sometimes helpful, they require extra effort, forcing them to impose their style of teaching upon the rigidly structured course system format.  And changing the color of the screen or shape of the buttons isn't the level of customization that really supports different pedagogical approaches.

What is OKI?

OKI is about tools, a system, and a community.  It is not a new browser, document editor, or pre-packaged content.  OKI tools are the elements that enable basic teaching on the Web and that support specialized discipline-specific needs, pedagogical methods, or group logistics.

OKI is being developed with careful attention to IMS, SCORM, AICC, Dublin Core, and related standards efforts.  In keeping with another recently announced MIT project, the OpenCourseWare Initiative (http://web.mit.edu/newsoffice/nr/2001/ocw-facts.html) which will make content from MIT courses available on the Web for free, OKI is based on an open source licensing model (there are  no proprietary components).  It allows the tools, no matter who creates them, to:

  • Save information about learners, subjects, and teaching methods in the same format
  • Share information
  • Access other systems like the library, the registrar, and authentication and authorization systems
  • Extend the system; anyone can add new features and new tools.

OKI is being built by institutions that have dealt with large open systems in academic settings.  Besides MIT and Stanford, core initial collaborating institutions include the Dartmouth College, North Carolina State University, the University of Pennsylvania, and the University of Wisconsin.

Recalling the vitality and success of another open source effort, the development of the Linux operating system, OKI hopes to build a community of developers, teachers, educational technologists, librarians, and researchers who will collaborate to continually improve and extend the OKI learning management system.  OKI is committed to working with its partners and early adopters to establish a dynamic open source framework for continued development, support, and training.

Getting Involved

Information about the progress of OKI can be found on the OKI Web site:  http://web.mit.edu/oki .  For updates subscribe to the list oki-announce@mit.edu using the form on the OKI Web site.  If you'd like to contribute more directly to this effort, e-mail oki-suggest@mit.edu.

 

EDUCAUSE Effective Practices and Solutions --- http://www.educause.edu/ep/ 

EDUCAUSE has developed this Effective Practices and Solutions (EPS) service to

This service is entirely member-driven; its success depends on your willingness to share your successes with your colleagues to help them save time and resources. The more practices contributed to the service, the more valuable it will become. Please note that practices in the EPS database have been identified as effective and replicable by their contributors; their value has not been judged by EDUCAUSE. 

You can read more about course and lesson sharing at http://www.trinity.edu/rjensen/crossborder.htm#TeacherTraining 


If you know any accounting educators with helpful materials on the web, please ask them to link their materials  in the American Accounting Association's Accounting Coursepage Exchange (ACE) web site at
http://www.rutgers.edu/Accounting/raw/aaa/ace/index.htm
Please send these professors email messages today and urge them to share as much as they can with the academy by easily registering their course pages with ACE.

The ACE Professor of the week is Thomas Pearson from the University of Hawaii at Manoa

Instructor First Name: Thomas C.
Instructor Last Name: Pearson
Institution: University of Hawaii at Manoa
Course Title: Ethical Issues in Accounting and Business in the Global Economy
Textbook: Cases in Accounting Ethics; Perspectives in Business Ethics
Author(s): University of Waterloo; L.P. Hartman
Course Website http://www.cba.hawaii.edu/pearson/courses/Ac690syl.html 

Thank you Professor Pearson for sharing course materials in addition to your course syllabus.  In ACE this course is listed under Research Methods/Seminars


International Comparisons in Education -- NCES http://nces.ed.gov/surveys/international/ 

As part of its Congressional mandate, the National Center for Education Statistics (NCES) supports international comparisons in education to collect and report reliable and timely data on a variety of subjects. Through student assessments, surveys of adults in the workforce, and the development of international indicators on education systems around the world, NCES examines education in the United States and other nations. These international comparisons in education are designed to complement the national programs of NCES.


WOW Book of the Week 
Making the Most of College:  Students Speak Their Minds, by Richard K. Light (Harvard University Press, 2001) --- 
http://www.hup.harvard.edu/catalog/LIGMAK.html
 
In a new book, a Harvard professor reveals secrets from his 10-year study of successful students (This is a very interesting book, although it is not clear how Professor Light identifies the best students at Harvard University since 85% of students receive the highest, A, grades at Harvard.)

Winner of the Virginia and Warren Stone Prize, Awarded Annually by Harvard University Press for an Outstanding Book on Education and Society

Why do some students in the United States make the most of college, while others struggle and look back on years of missed opportunities? What choices can students make, and what can teachers and university leaders do to improve more students' experiences and help them make the most of their time and monetary investment? And how is greater diversity on campus--cultural, racial, and religious--affecting education? How can students and faculty benefit from differences and learn from the inevitable moments of misunderstanding and awkwardness?

Two Harvard University Presidents invited Richard Light and his colleagues to explore these questions, resulting in ten years of interviews with 1,600 Harvard students. Making the Most of College offers concrete advice on choosing classes, talking productively with advisors, improving writing and study skills, maximizing the value of research assignments, and connecting learning inside the classroom with the rest of life.

The stories that students shared with Light and his colleagues about their experiences of inspiration, frustration, and discovery fill the book with spirit. Some of the anecdotes are funny, some are moving, and some are surprising. Many are wise--especially about the ways of getting the best, in classroom and dormitory, from the new racial and ethnic diversity.

Filled with practical advice, illuminated with stories of real students' self-doubts, failures, discoveries, and hopes, Making the Most of College presents strategies for academic success.

Richard J. Light is Professor in the Graduate School of Education and the John F. Kennedy School of Government at Harvard University. He is coauthor of By Design: Planning Research on Higher Education and Summing Up: The Science of Reviewing Research (both from Harvard).

OTHER HARVARD BOOKS BY RICHARD J. LIGHT
By Design: Planning Research on Higher Education
Summing Up: The Science of Reviewing Research

The book, Making the Most of College:  Students Speak Their Minds, is reviewed in Newsweek Magazine, June 11, 2001, p. 62.

NEWSWEEK: What was the most surprising thing you discovered?
LIGHT:
I had originally anticipated that most students would want the leaders of the college or the leaders of the school to treat them as grown-ups and get out of their way.  The surprise is that student after student, 70 to 75 percent, said, "We need advice.  We don't know what to do.  How do we know which is the right history course to choose?  How do we know how much time to spend on extracurriculars or homework?"

 

NEWSWEEK:  You talk a lot about the importance of finding a faculty mentor or a teacher.  How should students do that?
LIGHT: 
It takes some initiative.  If you don't have a reason to go talk to a teacher, invent one.  I am a student adviser, and the first thing I ask my freshman is, "What is your job this semester?"  Students always say, "My job is to work really really hard."  And I say, "Excellent, but that's not enough.  Your job is to get to know at least one faculty member this semester.  Just think, you're going to be here for eight semesters.  Even if you succeed only half the time, four years later, you will now have four faculty members who can write a job recommendation or serve as a reference."  Kids almost always say they never thought about it that way.

 

NEWSWEEK:  What mistakes do parents make?
LIGHT: 
Although parents obviously mean well, they generally give lousy advice when it comes to picking courses.  In terms of academics, the students who were least happy tended to get the requirements out of the way before getting to the "good stuff."  They took big courses, and then they said they felt their first years were too anonymous.  The happiest students took a mix of courses that included small seminars.  When I asked the unhappy students why they took so many requirements, almost all of them said that's what their parents suggested.  It's counterintuitive for parents, but students should be taking small, specialized courses from the start.

 

NEWSWEEK:  What was one of the concrete differences between those students who prospered and those who struggled?
LIGHT: 
The one word that most sharply differentiated the two groups was the word "time."  For a bunch of middle-aged professors like me, the idea of time management is a no-brainer, but for students sometimes it's not as obvious.  Students really have to keep an eye on how they spend their time, and I have two suggestions for them.  The first is to make a thorough evaluation of their schedule.  I tell students to keep track of how they spend their time every day for a week.  The most important change students need to make is often not how much they study, but when.  Studying in a long uninterrupted block is much more effective than studying in short bursts.  All students are  pressed for time and they need to be with their friends and participating in extracurriculars.  It's how you divide up that time that makes the difference.  One busy undergraduate told me, "Every day has three halves: morning, afternoon and evening.  And if I can devote any one of those blocks of time to getting my academic work done, I consider that day a success."  Other students can learn from that.

 For the rest of this interview, go to the Newsweek article cited above.


I am pleased to be on the faculty of a university that ranks in the Top Five schools on the learning criterion that Richard Light (See above) rated as the most important criterion for student learning in higher education.

"Trinity University Lauded as One of the Nation's Best," San Antonio Express News, July 10, 2001, Section B.

Last year they called it a "hidden treasure."  This year high school counselors consider Trinity University to be among the best in the country at offering individualized attention to its students.

Trinity was one of a handful of colleges and universities singled out for the second straight year in the Kaplan/Newsweek College Catalog 2002

Schools That Offer High Level of 
Individual Attention From Faculty
  1. Pamona College (California)
  2. Claremont McKenna College (California)
  3. Trinity University (Texas)
  4. Rose-Holman Institute of Technology (Indiana)
  5. Stanford University (California)

In the above article, Trinity's Vice-President for Academic Affairs "noted that the student-to-faculty ratio at Trinity is 11-to-1."

The Kaplan/Newsweek College Catalog is one of several Newsweek books offering advice on education and was compiled by the staff of Kaplan Educational Centers following a survey of about 4,500 guidance counselors --- http://www.kaplan.com/about/f2b2.html 

This is the first time Kaplan Books has conducted a survey of guidance counselors for the annual publication, which includes information on more than 1,000 U.S. colleges and universities.

Newsweek College Catalog --- http://www.addall.com/Browse/Detail/0684852470.html 
Author: Kaplan
Binding: Hardcover, 1400 pages
Publisher: Simon & Schuster Trade
Published Date: 07/01/1998
List: USD $25.00
ISBN: 0684852470

Added Note
For more than a decade, Trinity University has been ranked by U.S. News as the Number 1 university in its "Western Universities Top Schools" ranking category --- http://www.usnews.com/usnews/edu/college/rankings/wstunivs/wstu_a2.htm 


No Paula, I did not know about this one.  Thanks for the link.  I made it a "Favorite."

Don't know if you know about this one?

ResearchBuzz: The Week's News http://www.researchbuzz.com/news/index.html 

Paula Kelley Ward pward@trinity.edu  
Development Information Systems Manager Trinity University

You can read the following at http://www.researchbuzz.com/about.html 

If you came to the site from a headline feed, search engine, or whatever, you may be wondering what this is all about. 

ResearchBuzz is designed to cover the world of Internet research. To that end this site provides almost daily updates on search engines, new data managing software, browser technology, large compendiums of information, Web directories -- whatever. If in doubt, the final question is, "Would a reference librarian find it useful?" If the answer's yes, in it goes!

ResearchBuzz is free. However, if you want even more information -- more resources and more pointers for finding things online -- consider subscribing to ResearchBuzz Extra for $20 a year ($15 if you're a student, librarian, or educator.)

In 2001 a new, additional newsletter started for those who are interested in news from the business side of the search engine and portal world. (It's also a place to park the ranting and editorial that have occasionally threatened to take over ResearchBuzz.) It's called ResearchBuzz Wire, it's free and you can subscribe by sending a blank message to on-rbuzzwire@e.moreover.com .

CopperSky Writing & Research puts together and administers ResearchBuzz; learn more about what we do here --- http://www.researchbuzz.com/whatdo.html 


Bob,

Here's another site - this guy, Gary Price, is one of the most resourceful people I've "met" on the Internet.

In addition to "blogspot" (below), here is Gary's "handbook" website:

http://gwu.edu/~gprice/handbook.htm 

And here is his "Direct Search" page:

http://gwis2.circ.gwu.edu/~gprice/direct.htm 

Paula

Thanks Paula.  Actually, I did have these included at http://www.trinity.edu/rjensen/searchh.htm#InvisibleWeb and in my bookmarks to facts and statistics at http://www.trinity.edu/rjensen/bookbob.htm 
Gary Price is a sharing person who is providing the world with some great helpers.


IFAC Seeks Comments on New Paper Addressing Accountant Competences --- http://www.ifac.org/News/LastestReleases.tmpl?NID=99010990012150 

The International Federation of Accountants (IFAC) is seeking comments on a new discussion paper that addresses an issue fundamental to the development of the accountancy profession: How does one define and achieve professional accountancy competency? The paper, Competence-Based Approaches to the Preparation and Work of the Professional Accountant, explores the topic of accountant competency, providing an analysis of approaches used by various accountancy institutes around the world.

"The goal of accounting education and experience must be to produce competent professional accountants capable of making positive contributions over their lifetimes to the profession and society in which they work," emphasizes Warren Allen, chairman of IFAC’s Education Committee.

"Indeed, accountancy bodies are coming under increasing pressure to show the public that their members are and remain competent. A competence-based approach to education is vital to ensuring and ultimately, demonstrating, that accountants possess the knowledge, skills and professional values necessary to carry out their responsibilities," adds Mr. Allen.

The discussion paper seeks to define "competences" and "capabilities," provides guidance to accountancy membership bodies on their role in developing competences and capabilities, and assesses various methods.

Historically, there have been two rather different approaches to competence. Some studies have emphasized outcomes – accountants performing roles and tasks in the workplace to a defined standard. Other studies have placed more emphasis on inputs contributed by the education and training process – knowledge, skills, and abilities. This discussion paper draws together these two strands within a single framework.

The discussion paper may be downloaded from the IFAC web site ( http://www.ifac.org ). Comments are due to IFAC by October 31, 2001. They may be sent via e-mail to EDComments@ifac.org  or faxed to IFAC’s Technical Director at +1-212-286-9570. The Education Committee welcomes feedback on all aspects of this discussion paper, including the definition of competence. IFAC member bodies that are using competence-based approaches can also send information about these initiatives to IFAC for future updates of the paper.

IFAC is the worldwide organization for the accountancy profession. Its mission is to develop and enhance the profession to enable it to provide services of consistently high quality in the public interest. Its current membership consists of 153 professional accountancy bodies in 113 countries, representing more than two million accountants in public practice, education, government service, industry and commerce.


Where can you can register international e-Commerce complaints and access a database of international law regarding e-Commerce?

To combat online fraud and improve the public’s confidence in doing cross-border business on the Internet, the United States joins 12 other nations in launching econsumer.gov, a multilingual Web site where consumers can obtain information about relevant laws and agencies and submit e-commerce-related complaints online  --- 
www.ftc.gov/opa/2001/04/econsumer.htm .


From Syllabus e-News on July 24, 2001

Online Degree Program to Address Teacher Shortage

Due to increasing student enrollment, teacher retirements, and class size reduction, California faces a crucial shortage of elementary school teachers, which is expected to intensify over the next ten years. In response to the problem, the California State University is now offering an opportunity for undergraduates to earn their liberal studies degree through Liberal Studies Online, an online degree completion program for individuals working toward a California teaching credential. Administered through CSU Chico, online courses will originate from the Chico campus and CSU Sacramento. The first online courses will be available beginning fall 2001.

For more information, visit http://liberalstudies.calstate.edu


From Syllabus e-News on July 24, 2001

European Organizations Launch SPARC Europe

SPARC (the Scholarly Publishing and Academic Resources Coalition), an alliance of research libraries, library organizations, and research institutions that supports increased competition in scientific journal publishing ( http://www.arl.org/sparc ), and LIBER, the principal association of the major research libraries of Europe ( http://www.kb.dk/liber ), have announced the launch of SPARC Europe. Delegates at the recent LIBER annual meeting voted unanimously for LIBER to serve as the umbrella organization for SPARC Europe, which will facilitate competition in the European scientific journals marketplace and introduce advocacy initiatives tailored to the European research and library communities. SPARC Europe will collaborate with the international SPARC organization based in Washington, DC, but will develop Europe-focused initiatives under the direction of a European managing board and a Europe-based program officer.


Wow Survivors of the Dot.com Crash
The Webby Award  and People's Voice Winners --- http://www.webbyawards.com/main/ 
These are the Oscars of the e-Commerce and e-Business industry.  Winners were announced on July 18 in a San Francisco ceremony hosted by ABC's Sam Donaldson.  Webby nominees are also eligible for the Peoples' Voice Awards.

Special congratulations to the Education winners (National Geographic) and the Best Practice winner (Google).

The Fifth Annual Winners List is at http://www.webbyawards.com/main/webcast/winners.html 

    People's Voice Winners Webby Award Winners

2001 Winners
 
   Back to the Top  Back to the Top
 
 
 
 
 
 
 
 
 
 
   Back to the Top  Back to the Top
 
 
 
 
 
   
 
 
 
   
   

 


Hi Christine,

I added your message to the document at http://www.trinity.edu/rjensen/bookbob1.htm 

I will also include your message in the forthcoming July 27 edition of New Bookmarks --- http://www.trinity.edu/rjensen/bookurl.htm 

Thank you for the information

Bob Jensen

-----Original Message----- 
From: Christine Nola [mailto:abm@icms.net]  
Sent: Friday, July 20, 2001 3:43 PM To: rjensen@trinity.edu 
Subject: Activities Based Costing (ABC) listing

Dear Mr. Jensen -

I found your web site, which is remarkable, and I was wondering if you would consider adding our organization to your listing of Activities Based Costing (ABC) links. ICMS, Inc. has been around training & coaching organizations in all industries to implement ABC/ABM since 1988. Please visit our web site for more information:

URL: http://www.icms.net 

Thank you!

Christine Nola, ICMS, Inc. 6031 West I-20, Suite 219 ~ Arlington, Texas 76017 Phone: 817.483.6511 ~ Fax: 817.483.7097 Webs: http://www.icms.net  and http://www.learnabm.com 


Based on a clipping about Webvan that Phil Cooley put on my desk, I started to write a case for a workshop that I am developing for my workshop in Rio. For my early notes, see http://www.trinity.edu/rjensen/book01q3.htm#webvan 

I thought the following message from Denny Beresford, the former Chairman of the Financial Accounting Standards Board, might be of interest to accounting readers following the saga of successful and failed e-Commerce business firms. The heroes or goats in the process may indeed be us bean counters.

Bob

-----Original Message----- 
From: Dennis Beresford [mailto:dberesfo@terry.uga.edu]  
Sent: Friday, July 20, 2001 12:22 PM 
To: rjensen@trinity.edu  
Subject: Webvan

Bob,

A couple of ideas for the Webvan case you are developing.

First, see the article in today's NY Times - http://www.nytimes.com/2001/07/20/technology/20FOOD.html 

It discusses a company that has succeeded where Webvan failed. The trick seems to be that the other company was very careful to determine the costs of setting up the delivery system, etc. and then felt it could generate enough revenues to make the model work. Apparently Webvan, like so many other Internet commerce companies, went for revenues at any cost with an assumption (not supportable) that profits would somehow follow.

Second, you might want to consider the idea of pro forma reporting. I don't know whether Webvan did any of that, but many of the Internet companies told investors that things weren't as bad as it seemed when you backed out depreciation, goodwill amortization, certain marketing costs, etc. The idea, of course, was that "metrics" other than traditional GAAP reporting would somehow be a better indicator of future success. Even if Webvan didn't use proforma numbers, would investors have been helped if it did? I made a brief presentation on that general subject to a University of Georgia Business School group yesterday and a copy of my outline is attached.

I think your case will be very interesting. As a person who worked my way through junior high, high school, and college working in a grocery store, I thought Webvan was doomed from the beginning. The two things that were so surprising to me were that investors put so much money in it and that George Sheehan left Andersen Consulting to become the CEO. I would be very interested in seeing what you develop and I'd also be pleased to comment on any drafts if that would be helpful.

I look forward to seeing you at the AAA conference in Atlanta in a couple of weeks.

Denny


The Red Robin restaurant chain finds the right recipe for increasing sales and cutting costs in a Web-based business intelligence system --- http://cgi.zdnet.com/slink?120032:2700840 

Red Robin's problem was a common one: Sales, inventory, marketing and other operational data was housed in separate, aging databases. That made it difficult for the company's regional managers to get up-to-the-minute reports that told them which items were selling well—and which weren't—in different areas. Sometimes, regional managers resorted to calling restaurant managers directly, then guessing at what would sell. Sometimes, they were right. Sometimes, they weren't.

Finally, Rob Jakoby, the company's director of restaurant systems, and Howard Jenkins, the vice president of MIS, decided to start over, discarding the company's old reporting systems and cooking up a Web-based business intelligence system that consolidated critical decision-making data in a series of multidimensional cubes. The result: Red Robin has increased the number of high-margin items it sells while cutting costs by reducing food and supply orders.

In three years, the Greenwood Village, Colo., chain has seen its savings on food and supplies increase to $1 million per year.


This recommendation should become international law.

Corporations whose press releases provide pro forma earnings should also include a reconciliation to GAAP results, according to best practices guidelines jointly issued by the Financial Executives International and the National Investor Relations Institute.  Pro forma earnings reports can be highly misleading and manipulated by management to mislead investors. 
( www.niri.org/publications/alerts/ea042601.cfm  ).

*********************************************

Forwarded by Don Ramsey
Corporate America's New Math:  Investors Now Face Two Sets of Numbers In Figuring a Company's Bottom Line
By Justin Gillis
The Washington Post
Sunday, July 22, 2001; Page H01 
http://www.washingtonpost.com/wp-adv/archives/front.htm   

Cisco Systems Inc., a bellwether of the "new economy," prepared its books for the first three months of this year by slicing and dicing its financial results in the old ways mandated by the rules of Washington regulators and the accounting profession.

Result: a quarterly loss of $2.7 billion.

Cisco did more, though. It sliced and diced the same underlying numbers in ways preferred by Cisco, offering an alternative interpretation of its results to the investing public.

Result: a quarterly profit of $230 million.

That's an unusually large swing in a company's bottom line, but there's nothing unusual these days about the strategy Cisco employed. Across corporate America, companies are emphasizing something called "pro forma" earnings statements. Because there are no rules for how to prepare such statements, businesses have wide latitude to ignore various expenses in their pro forma results that have to be included under traditional accounting rules.

Most of the time, the new numbers make companies look better than they would under standard accounting, and some evidence suggests investors are using the massaged numbers more and more to decide what value to attach to stocks. The pro forma results are often strongly emphasized in news releases announcing a corporation's earnings; sometimes the results computed under traditional accounting techniques are not disclosed until weeks later, when the companies file the official results with the Securities and Exchange Commission, as required by law.

Cisco includes its results under both the pro forma and the traditional accounting methods in its news releases. People skeptical of the practice of using pro forma results worry that investors are being deceived. Karen Nelson, assistant professor of accounting at Stanford University, said some companies were "verging on fraudulent behavior" in their presentation of financial results.

Companies that use these techniques say they are trying to help investors by giving them numbers that more accurately reflect the core operations of their businesses, in part because they exclude unusual expenses. Cisco's technique "gives readers of financial statements a clearer picture of the results of Cisco's normal business activities," the company said in a statement issued in response to questions about its accounting.

Until recently, pro forma results had a well-understood and limited use. Most companies used pro forma accounting only to adjust previously reported financial statements so they could be directly compared with current results. This most frequently happened after a merger, when a company would adjust past results to reflect what they would have been had the merger been in effect earlier. Pro forma, Latin for "matter of form," refers to statements "where certain amounts are hypothetical," according to Barron's Dictionary of Finance and Investment Terms.

What's changed in recent years is that many companies now using the technique also apply it to the current quarter. They include some of the leading names of the Internet age, including Amazon.com Inc., Yahoo Inc. and JDS Uniphase Corp. These companies have received enthusiastic support from many Wall Street analysts for their use of pro forma results. The companies' arguments have also been bolstered by a broader attack on standard accounting launched by some academic researchers and accountants. They believe the nation's financial reporting system, rooted in the securities law reforms of the New Deal, is inadequate to modern needs. In testimony before Congress last year, Michael R. Young, a securities lawyer, called it a "creaky, sputtering, 1930s-vintage financial reporting system."

The dispute over earnings statements has grown in intensity during the recent economic slide. To skeptics, more and more companies appear to be coping with bad news on their financial statements by redefining the concept of earnings. SEC staffers are worried about the trend and are weighing a crackdown.

"People are using the pro forma earnings to present a tilted, biased picture to investors that I don't believe necessarily reflects the reality of what's going on with the business," said Lynn Turner, the SEC's chief accountant.

For the rest of the article (and it is a long article), go to 
http://www.washingtonpost.com/wp-adv/archives/front.htm 
The full article is salted with quotes from accounting professors and Bob Elliott (KMPG and Chairman of the AICPA)


Computer Applications in the Performing Arts (Music, Dance, Theatre, Humanities) 
The Digital Performance Archive --- http://dpa.ntu.ac.uk/dpa_site/ 

The Digital Performance Archive (DPA) traces the rapid developments taking place which combine performance activity with new digital technologies -from live theatre and dance productions that incorporate digital projections, to performances that take place on the computer-screen via webcasts and interactive virtual environments. The Archive also collates examples of how computer technologies are being used to create, document or analyse performance - from software applications for choreography and theatre design to specialist websites, e-zines and CD-ROMs.


The Shareholder Action On-Line Handbook (1993) (history, finance, investing, law)--- http://www.ethics.fsnet.co.uk/0home.htm

These Web pages are the on-line version of The Shareholder Action Handbook, first published in paperback 1993 by New Consumer. The Handbook aims to give practical advice to individuals about how they may use shares to make companies more accountable. The need for such a guide is now stronger than ever. Public concern in Britain about the accountability of company directors has risen to the extent that the subject makes regular appearances in debates in the House of Commons. While there are many obstacles to taking shareholder action, shareholders can do much to alter the course of corporate behaviour. Indeed, since the original version of the guide appeared there have been a number of successful shareholder action campaigns. However, there is considerable need both for new legislation to make it easier for shareholders to hold companies to account, and for the large institutional shareholders who own much of global industry to take their responsibilities as shareholders rather more seriously.


A Forthcoming FAS 133 Book

Bob,

As you know, on September 30th "Successfully Coping with FAS 133" will be distributed directly and at no cost to over 4,000 senior treasury management executives with companies and financial institutions around the country.

In addition to this large direct mailing, Institutional Investor Journals is arranging complimentary bonus distributions at conferences devoted in whole or in part to examining various facets of FAS 133 implementation and compliance. I'm pleased to announce the first such distributions below:

"Council of Corporate Treasurers Meeting," hosted by The Conference Board, October 2001, New York City.

"FAS 133/138: Accounting for Derivative Instruments and Hedging Activities," hosted by Executive Enterprise Institute," October 30-31, 2001, The Manhattan Club, 201 West 52nd Street, New York, NY 10019. Phone: (212) 582-2975. Anticipated attendees: 75-100 treasurers, controllers, financial analysts, risk managers, directors/managers of risk management and accounting, auditors, and asset and liability managers. For further information regarding this event, contact the EEI at (860) 701-5900. We are of course delighted to magnify the marketing benefit for sponsors Arthur Andersen, Sungard Treasury Systems and Westdeutsche Landesbank by placing "Successfully Coping with FAS 133" not only on the desks of FAS 133 decisionmakers, but in their hands and registration packets at key meetings. If you would like to join this elite sponsorship roster, please contact me before August 1st and I'll be happy to assist you.

Regards, -- 
Todd

Todd A. Miller 
Special Projects Manager 
Institutional Investor Journals 488 Madison Avenue New York, N.Y. 10022 
Direct Phone: (212) 224-3983 General Phone: (212) 224-3800 
Fax: (212) 224-3563 Cellular: (201) 892-6971 
Business E-mail: tmiller@iijournals.com  
Website: http://www.iijournals.com  
Home E-mail: barbel@inch.com 


"Irrational Ratios:  The Numbers Raise a Red Flag," by Joseph T. Wells, Journal of Accountancy, August 1991 --- http://www.aicpa.org/pubs/jofa/aug2001/wells.htm 
(With special focus on the ZZZZ Best scandal.)

The most basic analytical techniques (vertical, horizontal and ratio analyses) might have given the auditors for ZZZZ Best some important clues. Since these techniques compare changes in the numbers from year to year, they can point out significant discrepancies. In the ZZZZ Best case, look at what a simple ratio analysis would have revealed (see exhibit 1, below).

Exhibit 1: Selected Ratios From ZZZZ Best
  1985 1986
Current ratio of assets to liabilities 36.552 .0977
Working capital: Total assets 0.5851 (0.0080)
Collection ratio N/A 26.131
Asset turnover .144 1.041
Debt to equity ratio .017 1.486
Receivables turnover N/A 6.984
Times interest earned N/A 43.136
Cost of sales: Sales .465 .423
Gross margin percentage 53.51% 57.68%
Return on equity 183.75% 46.58%

These numbers make no sense at all—they are all over the place. Particularly revealing are the current ratio and the debt to equity and return on equity ratios. The current ratio shows a company with no cash in 1986 despite record “revenues.” The 1986 debt to equity ratio is up 8600% from the prior year; return on equity has dropped by more than 75%. These are not indicators of a legitimate business.

A NEW APPROACH?

Since the ZZZZ Best case, there have been attempts to develop new analytical techniques to better assist the auditor. In his 1999 article, “The Detection of Earnings Manipulation,” (Financial Analysts Journal, Sep./ Oct.99), Messod D. Beneish—an associate professor at the Kelly School of Business, Indiana University—researched the quantitative differences between public companies that had committed financial statement manipulations and those that had not.

Beneish theorized there may be up to five useful predictors of earnings manipulation, which he defined as “an instance in which a company’s managers violate generally accepted accounting principles (GAAP) to favorably represent a company’s financial performance.” Beneish’s ratios, which he labeled “indexes,” used figures he obtained from financial statements.


"The Internet as an Investment Tool," by Sarah Phelan, Journal of Accountancy, August 2001 --- http://www.aicpa.org/pubs/jofa/aug2001/phelan.htm 

Cool Tools

Many of these sites are commercial, but minimal use often is free. The first part of this sidebar lists sites by function.

Calculators

Cash flow and credit.

www.kiplinger.com offers Dr. Tightwad and an eConsumer column.

www.bankrate.com lets you review your credit report.

Growth.

www.smartmoney.com has an excellent compound interest calculator as well as a percent change calculator to measure how much an asset has increased in value.

Margin.

www.sec.gov offers a margin calculator.

Yield.

www.investinginbonds.com offers a taxable vs. tax-free yield comparison calculator.

Cars

www.kiplinger.com offers CarFinder, an interactive feature-by-feature search. Its calculators include “Which is better: a rebate or special dealer financing?” and it has an auto lease vs. purchase comparison tool.

Model Portfolios

These are some of the sites that offer model, or “fantasy,” portfolios.

www.fool.com

www.kiplinger.com

www.money.com

www.morningstar.com

www.smartmoney.com

Mortgages

www.bankrate.com. Calculate a mortgage rate payment and chart trends. The “Monthly Checkup” feature answers the question: “Can you save money on your existing mortgage?”

www.smartmoney.com has a refinancing calculator and a “Should You Prepay?” worksheet.

Retirement

www.morningstar.com has a Center for Retirement.

www.ssa.gov offers Social Security benefit information.

Risk Management

www.sec.gov offers EDGAR: A Quick Tutorial, which shows how to search for information that companies and mutual funds must reveal in their filings with the SEC.

Risk-tolerance questionnaires can be found at www.fidelity.com, www.moneycentral.com and www.vanguard.com.

Screen for Advice

www.moneycentral.com has an Adviser Finder.

www.sec.gov has a Central Registration Depository database.

www.validea.com rates analysts and professional stock-pickers.

Screen for Potential Investments

www.morningstar.com has the following: Stock Selector, Fund Selector, Stock Compare, Fund Compare.

www.smartmoney.com offers a watchlist with onscreen alerts and instant quotes (registration required).

Web Sites with More Useful Information

www.kiplinger.com has wide-ranging information on investing, managing and spending money, chats with editors, the Boiling Point forum, Dr. Tightwad column, an eConsumer column and more.

www.morningstar.com has market news, fund picks, stock picks, analyst research and alerts. Paying customers get access to premium features.

www.schwab.com is designed for worldwide use by Schwab investors. Market news, charts and updates, a learning center and a mortgage center.

www.sec.gov. The site of the U.S. Securities and Exchange Commission. Information and publications, including “how to” and a Complaint Center. Has a mutual fund cost calculator as well as a tool for comparing mutual funds.

www.smartmoney.com has quotes, market updates, chat, newsletters, a Stocks to Watch feature, upgrades, downgrades, IPOs.

www.yahoo.com, which is the granddaddy of Internet portals, offers many resources including business news updates.

The SEC launches an online margin calculator that helps an investor estimate the likelihood of his or her broker’s issuing a margin call—for insufficient account equity—in the next 30 days, three months or a year ( www.sec.gov/news/headlines/margincalc.htm ).

For other investing Web site links, go to http://www.trinity.edu/rjensen/bookbob1.htm 


From New Media on July 19, 2001

Review: Xtreeme SiteXpert 5.0 --- http://www.newmedia.com/nm-ie.asp?articleID=2842 
by Lee Creek

(7/17/01)  For any Web builder who has created a huge site and then had to go back and manually make a site map, Xtreeme's SiteXpert 5.0 is like finding a winning lottery ticket two days before it's about to expire--and that's very good.

The reason is because SiteXpert completely automates the process, regardless of the size of the Web site. A site map for a large site takes only a minute or two to generate.

SiteXpert enables users to make nine styles of site maps, including menu, dynamic expandable tree, static tree, UL list, multiple column list, portal interface, and drop down list.

Additionally, the program allows users to create index pages and search engines for their sites, again all done automatically and with great speed. Search engines can be customized with multi-language support, colors, fonts, and custom messages.

Search engines created in SiteXpert work quickly because the files reside on the user's Web server.

For even more customization, users can select from a number of schemes that provide different colors and fonts to built their maps. Later, when the user wants to change the appearance, those same schemes can be used to make a one-click change to the entire map.

When the users first open the program, they come face-to-face with a box offering one of two options: (1) opening an existing site map; or, (2) using the program's Layout Wizard to begin construction of a new site map.

The File Structure Mode is only one of the mapping methods offered. Other possibilities are Navigation Mode, Custom Mode for creating your own, XML Mode for use with external files, such as databases, and Search Engine Mode.

Once that choice is made, users are presented an options box which allows them to select the type of path they wish to have displayed, how links should be followed, where the URL description for each link should come from, and what to do with external links.

The program provides HTML and DHTML output code, with support for all the latest browsers. It also supports maps for password- protected and interactive pages.

All that is part of the $65 standard edition. For $285, the professional edition can be had, providing the buyer with all the features of the standard edition plus XML/XSL support, completely automatic generation (including uploading of the files to the server) without any user input, and information about the generator can be removed from the Search Engine pages.

While the program might be overkill for an 8-page Web site, for those producing sites with many pages the program can reduce the work load dramatically. Combined with its easy setup, SiteXpert is a great choice for large Web sites.

#####

What is it called again? Xtreeme SiteXpert 5.0
Where can I get it? http://www.xtreeme.com
How much does it cost? Standard Edition: $65 current promotional price; Professional Edition: $285
How big is the download? 1.88 MB
Is it worth it? If you build huge Web sites, it could be invaluable.


From New Media on July 19, 2001

SpeechGenie --- http://www.voicegenie.com 

Gateway Platform Allows VoiceXML Based Access To Web Info

SpeechGenie is a turnkey deployment platform that allows corporations or service providers to enable their customers to access their applications and Web data via phone; i.e., customers can dial phone numbers, and by speaking commands into their phones, can access Web information and perform transactions, or manage their e-mail or personal information.

SpeechGenie is composed of a combination of hardware and software technology from both VoiceGenie and SpeechWorks. The product provides for the corporation and its developers a VoiceXML-based platform allowing them to create voice-activated (both speech recognition and TTS - Text-To-Speech - responses) interfaces to their Web applications or information.

VoiceGenie provides the VoiceGenie VoiceXML Interpreter (a 100% VoiceXML compliant tool that allows for the processing of VoiceXML scripts), and the VoiceGenie Telephony Software, which manages the ASR/TTS call channels.

SpeechWorks, on the other hand, provides the SpeechWorks OpenSpeech DialogModules, which provide developers with a collection of common reusable components for the creation of speech recognition interfaces; the SpeechWorks SMARTRecognizer ASR Version 7 for speech recognition chores; and the SpeechWorks Speechify TTS engine.

A key feature of SpeechGenie noted by the vendor is "...extensive OA&M (operations, administration and maintenance)..." capabilities through support for SNMP, Web and console interfaces, etc., allowing admins to monitor the status of the system and identify and diagnose faults or performance problems.

SpeechGenie is available now, with introductory pricing (through September 15, 2001) of $20,000.

For lower priced alternatives, look up "Speech Recognition" at http://www.trinity.edu/rjensen/245gloss.htm 


"FrontPage 2002 Overview," by Gayle O'Brien, Webmonkey, July 19, 2001 --- http://hotwired.lycos.com/webmonkey/99/19/index2a.html 

You know there are some tools out there that can help you out. You've heard that Microsoft FrontPage 2002 is the easiest to use. But you're going to have to invest time in learning software, and you're not sure whether FrontPage is going to be right for you.

Let's take a second and lay out the pros and cons of using FrontPage. First the pros.

FrontPage 2002 has some of the best navigation features you can find in a US$169 package. You can very easily set up email response forms, discussion groups, and even a search function on any server that supports FrontPage server extensions. (Don't worry, I'll cover all this stuff a bit later.) For those who are creatively challenged, FrontPage makes it easy to build a site with a consistent and professional look.

Now the cons.

If at any stage you decide to add something FrontPage doesn't support and you need to go in and edit the HTML, you're in for quite a ride. Even the most savvy of HTML programmers have a hard time deciphering the cryptic mess that FrontPage produces. But, if you care more about pocket lint than HTML, this shouldn't ruffle your feathers too much.

The second con is that the learning process for FrontPage can be a little tedious. FrontPage has its own vocabulary that can sometimes be hard to interpret. That's why articles like this one exist — to help you be a better FrontPage citizen by equipping you with the basics.

Finally, FrontPage 2002 is not very friendly to non-Microsoft browsers. Much of what it creates is IE-only stuff. So be extra careful if your site needs to be seen by as wide an audience as possible (and whose doesn't?). 


Internet.com Resources --- http://www.internet.com/ 

More resources from internet.com:
Ad Resource   AllNetResearch   ChannelSeven   ClickZ   CyberAtlas   DomainBook   DomainNotes   ECommerce Guide   ECommerce News   eCRM Guide   Advertising Report   InternetDay   InternetPRGuide   NewMedia   Refer-it   SearchEngineWatch   TurboAds   Unclaimed Domains   WirelessAdWatch  


InstallXpert v2.0
InstallXpert is a tool that packs installations (created by programs like InstallShield) into a single, self-extracting .exe file.


From Internet.com --- http://siliconvalley.internet.com/news/article/0,,3531_804871,00.html 

"Macromedia Unleashes Public Beta Of Sitespring," by Michael Singer

The new Web-based application is designed for managing the Web site production process. The system is based on Macromedia's ColdFusion or Java-based JRun.

Sitespring has a file management system that uses transparent file versioning and archiving. That way the files are protected and the Web team is always working on the correct file versions. You also get e-mail notifications for alerts and updates to manage your contact with contractors or freelancers. The company says the application also works extremely well with Dreamweaver and UltraDev - Macromedia's two development software programs.

Because no two designers work the same, Macromedia set up the system to work on Mac or Windows PCs running Internet Explorer or Netscape Navigator.

Based on the public's feedback and after Macromedia does some final tweaking Sitespring should ship in early fall of 2001. The program starts at $1,999 for the Sitespring Server plus 3-user licenses (users are named Web team users, there are no additional charges for unlimited client accounts).


From Scott Bonacker [scottbonacker@MOCCPA.COM

Free access journals-of-the-week this week and next at:

http://www.emeraldinsight.com/jotw/jotwlist.htm 

July 2001 23/07/01 Accounting, Auditing & Accountability Journal Balance Sheet 30/07/01 Business Process Management Journal Aircraft Engineering and Aerospace Technology: An International Journal

Scott Bonacker, CPA McCullough, Officer & Company, LLC Springfield, Missouri moccpa.com


From the Library of Congress (History, Religion, Culture)
Sunday School Books: Shaping the Values of Youth in Nineteenth-Century America http://lcweb2.loc.gov/ammem/award99/miemhtml/svyhome.html 

This collection presents 163 Sunday school books published in America between 1815 and 1865, drawn from the collections of Michigan State University Libraries and the Clarke Historical Library at Central Michigan University Libraries. They document the culture of religious instruction of youth in America during the Antebellum era. They also illustrate a number of thematic divisions that preoccupied nineteenth-century America, including sacred and secular, natural and divine, civilized and savage, rural and industrial, adult and child. Among the topics featured are history, holidays, slavery, African Americans, Native Americans, travel and missionary accounts, death and dying, poverty, temperance, immigrants, and advice.


Database of airline crashes having more than 10 fatalities:
crashDATABASE.com --- http://www.crashdatabase.com 


A Magazine from the National Academy of Sciences
The National Academies In Focus --- http://infocusmagazine.org/ 

The National Academies In Focus is a magazine featuring activities of the National Academies, which serve as independent advisers to the federal government on scientific and technical questions of national importance. The National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine are self-perpetuating, honorific societies of distinguished scientists, engineers, and medical professionals. The National Research Council, along with the Institute of Medicine, brings the resources of the entire scientific and technical community to bear on national problems through its volunteer advisory committees. The Research Council is jointly administered by the National Academy of Sciences and National Academy of Engineering.


The following is a message that I received from the WSJ. Please note that professors can now search past editions of Educators' Reviews on www.ProfessorJournal.com .

Dear Robert Jensen:

This week's issue 6 of 8 of The Wall Street Journal Accounting Educators' Review features 4 articles. The topics focus on behaviors, litigation and financial accounting.

This week's articles are: 1. Ford Stops Using Letter Rankings To Rate White-Collar 2. Jury Says Home Depot Must Pay Customer Hurt by Falling Merchandise $1.5 Million 3. FASB Change May Turn Focus Of Analysts to Cable Firms' Net 4. Disappearing Act: Spate of Write-Offs Calls into Question Lofty 1990s Profits; Use of Pro Forma Results Offers a Glossier Present and Much Cloudier Past; How Goodwill Can Go Bad

Program professors can now search past editions of Educators' Reviews on www.ProfessorJournal.com . Go to the Educators' Review section and click on "Search the Database." You will need your Journal account number which can be found on the label of your newspaper.

If you would like to change your discipline selection or remove yourself from the mailing list please go to http://209.25.240.94/educators_reviews/preference.cfm .

Thank you for participating in The Journal-In-Education program. Best wishes for an enjoyable semester.

Best regards, Kerry Junquet 
Program Coordinator The Wall Street Journal 
wsjeducatorsreviews@dowjones.com
 


You may have heard that Microsoft is introducing a new licensing plan and that it will affect your firm. But do you have any idea how it will affect you? Find out all the details of this new pricing and licensing scheme --- http://www.accountingweb.com/item/52940 


EDUCAUSE Review, JULY/AUGUST 2001 Volume 36, Number 4

FEATURES

Through a Glass, Darkly Anticipating the Future of Technology-Enabled Education by THOMAS P. HUGHES Presiding over changes in higher education requires more than a rational projection of present trends; we must be prepared for unanticipated technological applications as well as related economic, organizational, political, and social transformations. 
http://www.educause.edu/ir/library/pdf/erm0140.pdf
  
http://www.educause.edu/ir/library/pdf/erm0140t.pdf
  (text-only)

Services and Technology Revolutionizing Higher Education by JAMES BRIAN QUINN 
Five powerful economic trends, facilitated by the Internet, may be making the word "education"--in the formalistic, programmatic sense in which we usually use it--obsolete. http://www.educause.edu/ir/library/pdf/erm0141.pdf  
http://www.educause.edu/ir/library/pdf/erm0141t.pdf
  (text-only)

Digitizing Education A Primer on eBooks by MICHAEL A. LOONEY and MARK SHEEHAN
 eBooks are bringing the transforming potential of digital media to the very heart of education, changing the way we distribute and interact with information and, ultimately, the way we learn. http://www.educause.edu/ir/library/pdf/erm0142.pdf  
http://www.educause.edu/ir/library/pdf/erm0142t.pdf
  (text-only)

Creating a Context for Consensus by DAVID G. BROWN and SALLY JACKSON 
From Carole A. Barone and Paul R. Hagner, eds., "Technology-Enhanced Teaching and Learning: Leading and Supporting the Transformation on Your Campus" 
http://www.educause.edu/ir/library/pdf/erm0143.pdf
  
http://www.educause.edu/ir/library/pdf/erm0143t.pdf
  (text-only)

DEPARTMENTS

techwatch Information Technology in the News http://www.educause.edu/ir/library/pdf/erm014a.pdf 

Leadership Beyond the First Five Years: Lessons Learned in Transforming Teaching and Learning by MONSIGNOR ROBERT SHEERAN http://www.educause.edu/ir/library/pdf/erm0149.pdf 

Inside IT Staffing on the FastTrack by BRIAN ALEXANDER and KENT KUO http://www.educause.edu/ir/library/pdf/erm0148.pdf 

New Horizons Integrated Communications Environments: The Future of Campus Networks? by JAMES A. JOKL http://www.educause.edu/ir/library/pdf/erm0147.pdf 

policy@edu IT Research Gets Bushwhacked! by SUE FRATKIN http://www.educause.edu/ir/library/pdf/erm0146.pdf 

Viewpoints The World Is Getting Smaller, But Are We Seeing Farther? by DIANA OBLINGER http://www.educause.edu/ir/library/pdf/erm0145.pdf 

Homepage It's All about Connections: EDUCAUSE Constituent Groups by KAREN MCBRIDE http://www.educause.edu/ir/library/pdf/erm0144.pdf 


Digitizing Education A Primer on eBooks by MICHAEL A. LOONEY and MARK SHEEHAN

EDUCAUSE Review, JULY/AUGUST 2001 Volume 36, Number 4
 http://www.educause.edu/ir/library/pdf/erm0142.pdf  
http://www.educause.edu/ir/library/pdf/erm0142t.pdf
  (text-only)

 

The eBook revolution has spawned several new support businesses: companies that provide DRM technology; content conversion houses, which aid publishers in converting existing print and electronic content to eBook formats; and system integrators and clearinghouses--such as Lighting Source ( http://www.lightningsource.com/ ), Reciprocal ( http://www.reciprocal.com/ ), iUniverse.com ( http://www.iuniverse.com/ ), and OverDrive (http://www.overdrive.com/)--which provide encryption, hosting, and e-commerce integration services to authors, publishers, and resellers.  Before long, specialized rich-media authoring services, copyright clearinghouses, and digital object vending services will also be established.  Besides these service providers, online resellers such as Amazon.com and Barnes & Noble have begun vigorously marketing eBook content, and online college bookstores will start to do the same fairly soon.  Finally, specialized system integrator companies will soon be assisting libraries with integrating eBooks into their lending systems.

How eBooks Add Value to Education

eBooks in the broad sense of electronic content) are ideal for the academic environment.  A number of social and economic factors make eBooks or digital content preferable to paper textbooks and course materials--or at least highly desirable as adjuncts to these materials.  First of all, eBooks provide a means for nontextbook course adoptions whether the material is a trade book (nonfiction, biography, etc.) or customized content authored by the faculty member or colleagues.  This is particularly appealing for upper-division courses, in which textbooks are used less frequently.

In addition, textbooks in eBook format can be made modular.  This will allow the faculty member to review a fifteen-chapter textbook and simply select the three or four chapters that are relevant to a course.  This modular selection can be offered electronically and as a POD book in the bookstore, with either option costing considerably less than the price of the complete printed textbook.

Another distinct advantage of eBooks is the equality of access to learning materials they provide to both the campus-based and the distant learner.  Students who are literally anywhere in the world will have access to the same content that is available to the student on campus, whether that access is through the faculty Web site, the college bookstore, or the digital library.  Furthermore, with dictionary plug-ins and automated text-to-speech technology, the eBook reader software can greatly benefit students whose primary language is not English.  Similarly, students and faculty of foreign languages, as well as international students in the United States, will be able to access digital content in real time from a broad range of countries, whether it be a Manga comic from Japan or an original, native-language version of a scholarly publication from France.

The eBook format also opens the door to the many precious and rare documents that are currently under lock and key in collections around the world.  Typically inaccessible to the average student, these will become available, as digital representations, to any student in any location.  Several examples of these rare publications, now available as eBooks, can be experienced at the Octavo Web site (http://www.octavo.com/).

As previously mentioned, eBooks can be enriched with a broad range of media types to help with the learning process.  For example, MIT's Sloan School of Management is already preparing "Knowledge Updates," brief research updates from MIT faculty.  Complete with video, audio, and potentially animated materials, these updates are current research snapshots intended as much for alumni, corporate customers, and friends of Sloan as for current students.

Keeping current is an additional advantage of eBooks.  For courses on cutting-edge technologies or current affairs, textbooks are out-of-date the minute they are printed.  eBooks can enable daily, weekly, or monthly updates via the Internet.  This would eliminate out-of-date textbooks and would help the student and instructor stay on top of developments relevant to their courses.

eBooks can also improve on qualities of traditional printed books.  Like a paper book, the eBook will become marked with highlighting, with page corners turned down for quick reference, and with notes made in the margins of the pages.  The difference with the eBook is that all of these aids will be the user's own amendments rather than the vestiges of the learning habits of previous owners.  In addition, the digital medium is often simply more convenient or appropriate as either a replacement for or an adjunct to the potentially heavier, environmentally unfriendly paper medium.

Finally, another factor that may influence the adoption of eBooks and other digital courseware is the financial model used by traditional textbook publishers and the financial burden this model imposes on students.  The average price of a new textbook in 1998 was almost $62, and this price is anticipated to increase 4-6 percent per year.  This represents a nearly 500 percent increase since 1965.  Contributing factors to this worsening economic scenario include the fact that 24 percent of all academic books are returned to publishers from college  bookstores and the fact that each purchased book is turned over six times or more on average before it is out of circulation.  As a result, one-third of students buy used books, and one-third do not even purchase the book required for the course.  Only 10 percent of textbook sales are to international markets, due increasingly to hard-copy piracy as the costs of books increase.  All of these factors, coupled with bookstores' and publishers' profit margins, lead to textbook prices that in some cases are higher than the tuition for the course.  Through the utilization of an eBook "workflow" process that can leverage not only eBooks but also POD books and modular content, eBooks are an opportunity for academic textbook publishers to provide students with content that is of higher value and is potentially less expensive.

For Bob Jensen's threads on ebooks, go to http://www.trinity.edu/rjensen/ebooks.htm 


A very interesting clip art site (Vector and Pixel)
by Artists Nana Rausch and Peter Stemmler
QuickHoney --- http://www.quickhoney.com/indexday.html 


The kinder, gentler IRS may be striving for excellence, but undercover Treasury agents have found something less than quality service at IRS walk-up centers around the nation. Find out where the problems exist and what is being done to beef up operations at the IRS ---  http://www.accountingweb.com/item/52733 


The Roman Empire in the First Century (History of the Patricians, Plebeians, and Cleopatra)
http://www.pbs.org/empires/romans/ 


Update: Nearly a week after its first appearance, the "Code Red" worm that attacks Microsoft server software is still wreaking havoc all over the Internet. --- http://cgi.zdnet.com/slink?120034:2700840 

SEE ALSO: Worm targets Microsoft Web server http://cgi.zdnet.com/slink?120035:2700840 


You can now invest in the equities of two of the world's great consulting companies.
The much-anticipated initial public offering of the firm formerly known as Andersen Consulting went off without a hitch while the market remained in a slump ---  http://www.accountingweb.com/item/53085 

Then KPMG Consulting floated its initial public offering earlier this year, the next step on the firm's agenda was to consolidate its worldwide operations into one legal entity. Now it appears that the plan for consolidation is on shaky ground. Find out what happened --- http://www.accountingweb.com/item/53027 


Microsoft's smart tags aren't worth all the furor they're generating in some circles, says John Taschek --- http://cgi.zdnet.com/slink?119295:2700840 


Southern Girls Convention --- http://ailecia.tripod.com/southerngirls/home.html 

Why a Southern Girls Convention? 
Because we live in rural towns overrun with religious piety. Because we live in big cities overrun with racial tension. Because we need to unite, create a network, and become empowered. Because we need to fight back against misogyny and violence against women. Because we reject the racist and sexist Southern Belle archetype and any passive, second place gender role thrust upon us. Because we are strong, intelligent, independent, and active young women who seek change in our communities. Because we refuse to be victims. Because we have an intrinsic desire to revolt.

What is the Southern Girls Convention?
The Southern Girls Convention was the brainchild of the Women's Action Coalition in Memphis, Tennessee. The first annual SGC was held in July of 1999 at the University of Memphis campus with a hundred participants from the South and all over the United States. There were workshops on reproductive rights, sexuality, racism, classism, fatphobia, zine-making, women's health, queer issues, and much more. We all left the 1999 conference feeling united, liberated, and strong.


From Information Week Daily on July 20, 2001

As a result of long-standing agreements on the structure and format of standard business documents, electronic data interchange has been able to facilitate the quick and accurate transfer of large volumes of data between companies without human intervention.

This has given users a considerable productivity boost. EDI processes will continue to play an important role in leading-edge information systems, but they'll undergo significant changes as organizations adopt Internet technologies. --Ken Vollmer

Read on: http://update.internetweek.com/cgi-bin4/flo?y=eD6w0Bdl6n0V30QGZ0A4 

Note from Bob Jensen
The federal reserve board of governors adopts a rule that revises official staff commentary on regulation E, which implements the Electronic Funds Transfer Act. The new rule provides compliance guidance on electronic check conversion transactions, computer-initiated bill payments and electronic authorizations of recurring debits from a consumer’s bank account 
( www.fdic.gov/news/news/financial/2001/fil0133.html ).


From Information Week Daily on July 20, 2001 

EBay Reports Record Revenue

EBay Inc., the shining star of Internet sales, continues to burn brightly, and it has its 34 million users to thank. The online auction house Thursday reported that its second-quarter consolidated net income was $24.6 million, or 9 cents per diluted share. Net revenue was $180.9 million, a quarterly record and an 84% increase over the $98.2 million generated in the same period last year.

Despite raising the curtains June 11 on eBay Stores, a pilot program of fixed-price trading that has attracted 18,000 merchants, including big names such as IBM and J.C. Penny, eBay CEO Meg Whitman downplayed the role large companies will play in overall sales. "We don't know yet how big, how successful, or how meaningful the results will be," she said during a conference call with analysts. She added that while she sees potential in sales by big companies, they're not factored into future revenue forecasts, which were raised from between $15 million and $30 million, to between $385 million and $400 million for the second half of the year. "Your next-door neighbor can compete with large corporations. We like to think of it as enlightened trading," Whitman said.

Ritz Camera Centers Inc. has sold merchandise on eBay since March and plans to open its own storefront within the next month. It sells about 80% of the 1,000 products it lists each month, much higher than the 65% site average, says Andre Brysha, VP and chief marketing officer of Phobo.com, which handles the online sales of RitzCamera.com and BoatersWorld.com.

Brysha says eBay is careful not to alienate individual sellers. "They've gone to retailers like us to supplement categories, because we have the inventory, we have the wherewithal to list a lot of products," he says. "In virtually any kind of planning discussions we have, they always bring up that they're not going to jeopardize the relationship with the community by making such a dominant environment for retailers that it would overshadow the auctioneer." - Christopher Heun

For related coverage, see Has The Sluggish Economy Actually Helped EBay? http://update.informationweek.com/cgi-bin4/flo?y=eD2O0BcUEY0V20QGR0Ag 


This is the first major arrest under the Digital Millennium Copyright Act .  What is significant is that the Act prohibits creation of software or other technology aids to copy intellectual property even though no copyrighted material is copied by the suspect.  In this case, the young Russian created software that makes it easier to copy and distribute electronic books.

The FBI's arrest of the Russian programmer for allegedly distributing a utility that violates copyright law sets off a storm of protest, both online and off. --- http://www.wired.com/news/politics/0,1283,45342,00.html 

This high-visibility prosecution under the Digital Millennium Copyright Act seems to have focused the kind of anger not seen since the days of the 1996 Communications Decency Act or the Secret Service raid of Steve Jackson Games -- two defining moments in the development of civil liberties online.

From the federal government's point of view, it's merely enforcing a law enacted by Congress in October 1998 that punishes anyone who distributes "any technology, product, service, device, component or part" that, like Sklyarov's software, bypasses copy-protection mechanisms. Sklyarov is facing a five-year prison term and a fine of $500,000.

Matthew Parrella, a federal prosecutor in Las Vegas, said a judge on Monday decided to hold Sklyarov without bail until his hearing in California some time in the next two weeks. "The court deemed him a risk of non-appearance, which is not uncommon with white collar criminals," Parrella said.

This is the latest round in an increasingly nasty battle between Russian firm ElcomSoft and Adobe, which fired off a stiff letter a few weeks ago claiming "unauthorized activity relating to copyrighted materials," and requesting that the $100 e-book decoder be taken off the market.

Yet from a programmer's perspective, Sklyarov was simply following the venerable hacker tradition of exposing weaknesses in a security system -- in this case the often-flawed security of e-books -- in a smart, clever way. He received even higher points for documenting his research and publishing a paper (PowerPoint) at Defcon last weekend on behalf of ElcomSoft.

"The U.S. government for the first time is prosecuting a programmer for building a tool that may be used for many purposes, including those that legitimate purchasers need in order to exercise their fair use rights," said Robin Gross, an attorney with the Electronic Frontier Foundation.

What Gross calls "fair use rights" are part of modern copyright law. They permit people to use copyrighted products legally in a certain way without permission -- for instance, by excerpting a short portion of a work.

But what if the content is in a digital wrapper, such as the one used by Adobe? What about fair use then?

With the exception of it being a criminal prosecution, Sklyarov's case is remarkably similar to a civil lawsuit filed by eight movie studios against 2600 Magazine. They claim the underground hacker zine was distributing DVD-descrambling software in violation of the DMCA, and urged the trial judge to reconsider.

That didn't work, and 2600 is now waiting for a verdict from a federal appeals court. (At the time the studios filed suit in January 2000, the criminal portions of the DMCA had not taken effect. In October 2000, they did.)

The cases are parallel because the DeCSS utility that 2600 distributed allowed Linux users to watch a DVD on a machine for which it was not authorized by the encryption designer. Similarly, Sklyarov's utility allows Adobe Acrobat customers to read a file on computers for which it is not authorized.


"Free-speech lawsuit charges ahead"  by Lisa M. Bowman Special to CNET News.com July 19, 2001 --- http://news.cnet.com/news/0-1005-200-6616457.html 

A professor who backed out of giving a speech amid legal threats is charging ahead with a lawsuit that would allow him to present his paper at an upcoming conference, even though his opponents say they have no plans to prevent him from giving his speech.

The Electronic Frontier Foundation said it will continue to pursue its lawsuit asking a judge to clear the way for Princeton professor Edward Felten to present his hacking paper at the USENIX conference next month.

The Secure Digital Music Initiative, the Recording Industry Association of America and Verance, one of the companies that created the technology Felten plans to talk about, have told the judge they never planned to sue and have filed motions to dismiss the lawsuit.

"Plaintiffs sued in spite of the repeated public statements that neither the RIAA nor the SDMI intended to file such litigation...The RIAA and SDMI have clearly and repeatedly informed plaintiffs that neither the SDMI nor the RIAA will institute litigation with respect to the papers identified in the complaint," SDMI and RIAA attorneys wrote in a letter to the judge.

But EFF attorneys plan to continue the suit in part because they want to clear the way for other researchers to present papers about the controversial technology.

"They've said they're not concerned with this paper, but that doesn't mean that they're still not concerned about other papers," EFF attorney Lee Tien said. "When you do research in this area, other things are bound to come out of it."

In the suit, the EFF also challenges the constitutionality of the Digital Millennium Copyright Act, a law passed in 1998 that's designed to address copyright issues in the digital age.

The move comes as companies are increasingly wielding the DMCA to go after people who want to talk about, or link to, technology that theoretically could be used to break locks on copyrighted material.


Attorney General John Ashcroft's Dirty Harry impersonation sure makes him sound like he's tough on cybercrime, but his proposed remedies aren't quite the virtual equivalent of a .357 magnum --- http://www.wired.com/news/business/0,1367,45445,00.html 


Antarcti.ca Systems Releases New Visualization Tool and UDDI Demo --- http://www.intelligentkm.com/news/newsjul01.shtml#Antarctica 

Vancouver, B.C.-based Antarcti.ca Systems Inc. (ASI, antarcti.ca) has released the Visual Net Enterprise (VNE) information visualization technology, which provides unique graphical tools for organizing, browsing, and viewing large amounts of data in multiple databases and media formats. ASI has also launched a VNE-based demonstration front-end for the Universal Description, Discovery, and Integration (UDDI) Business Registry (uddi.antarctic.ca), a global, public, online e-business directory for companies sharing data and transactions.

According to ASI, Visual Net Enterprise transforms enterprise information into large-scale data maps, and provides an intuitive navigation interface featuring context-rich visuals. VNE uses Antarcti.ca's visual mapping technology to show relevant and related data as defined by customers. The company said it based VNE's design on the premise that more information can be communicated and absorbed using a multidimensional visual representation, as opposed to one-dimensional text.

"Knowledge is the number one competitive advantage in business, yet corporations are inundated with so much data from so many sources and in so many formats, users can't find and use the critical information," said Tim Bray, founder and CEO of Antarcti.ca. "VisualNet Enterprise uses time-proven mapping techniques and a visual representation of data to raise the search, discovery, and access of information to a new level," Bray added.

Antarcti.ca's product philosophy for VNE is that visual mapping of data lets users progress from searching for information to strategizing and organizing data. According to ASI, with its products users browse through categories of data laid out on a map to understand the types of data available to them and recognize the most relevant data based on its position in a visual representation of all the data.


Done. I updated the link in the following two documents:

http://www.trinity.edu/rjensen/bookbob1.htm 

http://www.trinity.edu/rjensen/survey1.htm 

Thanks,

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu http://www.trinity.edu/rjensen

-----Original Message----- 
From: MaryAnn Strook [mailto:mstrook@micromash.com]  
Sent: Monday, July 23, 2001 12:29 PM 
To: rjensen@trinity.edu  
Subject: link update

Hello! 
We note that your page, http://www.trinity.edu/rjensen/survey1.htm , offers a link to micromash.com. We have recently moved our web-site from micromash.com to www.micromash.net. We would greatly appreciate it if you would update the link. Thank you for your time. 
MaryAnn Strook [mstrook@micromash.com
MicroMash


An abundance of commercial websites featuring pre-teen models in provocative poses raises several questions, not least of which is: What's their real market?  http://www.wired.com/news/ebiz/0,1272,45346,00.html 

Lil' Amber is one of several websites featuring "models" as young as 9 owned by Webe Web Corporation, an Internet hosting company in Florida. A list of the sites is available at Child Super Models.

See also:

Yahoo in Porn Foe's Sights
Online Crime a Tough Collar
New Worm Takes On Kiddie Porn


We know children don't always listen to their parents; that's why teenagers are banding together to spread the news of online peril. Also: E-learning with a side of fries, e-learning for colleges cost $5 billion, and a chat about apes, all in Katie Dean's notebook --- http://www.wired.com/news/school/0,1383,45349,00.html 


Hello Shahnaz,

You can find many links to distance education training and education programs at http://www.trinity.edu/rjensen/crossborder.htm 

For Masters in Education degrees, you might look at the following:

Hungry Minds --- http://www.hungrymindsuniversity.com/obj/00/00/00/28/65/27/index.html 

University of Illinois --- http://www.online.uillinois.edu/catalog/ProgramResultsAll.asp 

Kansas --- http://www.dce.ksu.edu/dce/degrees.html#1 

Iowa has some courses, but I did not see masters programs http://www.iowalearns.org/coursesBYprovider.cfm?subjectID=24 

Europe --- http://www.icde.org/OpenDoor/Net/europe.htm 

Special Education --- http://141.218.70.183/speddistedwww/introdistedsped.html 

Canada's Simon Fraser University --- http://www.educ.sfu.ca/gradprogs/offindex.html 

The above links are mere samplings. You will find many more opportunities by searching at http://www.trinity.edu/rjensen/crossborder.htm 

Bob Jensen

-----Original Message----- 
From: Shahnaz XXXXX 
Sent: Tuesday, July 24, 2001 5:26 PM 
To: rjensen@trinity.edu 
Subject:  Online Masters of Education Programs

Hello, I am looking for distance learning for masters of education. Currently I am residing in Saudi Arabia. I have teacher certification in Texas for elementary education. I have also taught for four years before I moved to Saudi Arabia. I will appreciate if you can suggest any distance learning programs that are good and recognized. 
thank you,
Shahnaz XXXXX


Finding Colleges, College Rankings, Financial Aid, and Online Programs

Bob Jensen's College Finder --- http://www.trinity.edu/rjensen/bookbob2.htm#EducationInGeneral 

Online Training and Education Courses and Programs --- http://www.trinity.edu/rjensen/crossborder.htm 

Google Links to Colleges and Universities --- http://www.google.com/options/universities.html 

Search engine for education sites --- http://www.searchedu.com/  


It is not a new Website, but it is one of the world's greatest sites.
See the U.S. Supreme Court Multimedia Database (Law, Crime) --- http://oyez.nwu.edu/ 


From Cal Tech
LIGO (Laser Interferometer Gravitational-Wave Observatory) --- http://www.ligo-la.caltech.edu/ 


Hi David,

The FEI has two types of downloading files. Some are restricted to FEI members who must have their own passwords. Other files are available to the public. The fact that you could download FAS 141 and 142 without a password means that the FEI made these files available free to the world. It might have been an FEI mistake, but I tend to doubt it since the latest FEI newsletter publicized that these publications were being served up free and provided to the files in the newsletter. All FEI newsletters are free to the world at http://www.fei.org/newsletters/default.cfm 

The links provided by the FEI are as follows:

SFAS 141 http://www.fei.org/download/FAS141_7-19-01.pdf 

SFAS 142 http://www.fei.org/download/FAS142_7-19-01.pdf 

Update from Dennis Beresford on July 23, 2001

In the spirit of "there's no such thing as a free lunch" the "free" electronic copies of FASB Statements 141 and 142 were a mistake. What happened was that the FASB sent a copy as a courtesy to the President of FEI who was leaving for a meeting in Europe. He didn't realize it was intended only for his use and he listed it in FEI Express - anyone who acted quickly enough could download it. The downloading link has now been canceled, according to the FASB, and interested parties will be directed to the Board's web site and told how they can buy a copy.

Denny Beresford University of Georgia

You should explain to your son that it is not unethical to download files from Napster, Gnutella, and the other P2P servers listed at http://www.trinity.edu/rjensen/napster.htm  Many performers want their works served up free for a variety of reasons, the principal one being that they want to become better known in the world. Although most of these performances are not what you and I probably want to listen to, many teenagers seem to like listening to such a raucous. But then my parents never understood why I listened to some hillbilly named Elvis.

The ethics problem concerns the serving up of files that other performers do not want served up free. In days of old, Napster did not reveal whether or not the performers wanted their files served up without a fee. After the copyright trial hammered down on Napster (which was recently reversed on appeal), the status of Napster is somewhat in doubt. The latest News Flash from Napster reads as follows:

***************************************** 
On July 11, 2001, the District Court issued an order prohibiting Napster from turning file transfers back on. We believe that this order is at odds with the appeals court ruling in February and threatens all peer-to-peer file sharing. While we are extremely disappointed by this ruling, we will make every effort to resume file transfers as soon as possible and we are continuing full steam ahead toward the launch of our new service later this summer. Thanks for your support and keep checking this space for updates. http://www.napster.com/  
*****************************************

In the meantime, companies in other nations such as Sweden are serving up music files with disregard for U.S. copyright restrictions. This raises and interesting issue for you to discuss with your son. If ethics/laws differ between nations, it is unethical to download from a foreign server that is perfectly legitimate in its own nation (remember the Internet spans the globe)? 

You may or may not want to tell him how "the beat goes on." Controlling MP3 music distribution is tantamount to ridding the world of cockroaches. You may plug a crack (like Napster) here and there, but music recording pests just keep on breeding.

"The Beat Goes On: Services Improve on Dying Napster," by Thomas E. Weber, The Wall Street Journal, July 16, 2001, Page B1 --- http://interactive.wsj.com/archive/retrieve.cgi?id=SB995237764997914197.djm&template=pasted-2001-07-16.tmpl 

Of all the file-sharing services out there, two are emerging as especially potent Napster alternatives: KaZaA, from a team based in Amsterdam, and Audiogalaxy, based in Austin, Texas. The software needed to join these networks has been downloaded to millions of PCs world-wide, and their offerings are bountiful.

The growth of these alternatives proves something most Web-music fans have known all along. Stopping Napster won't end file sharing on the Internet. They also show how online music systems can evolve, surpassing Napster's pioneering network to offer simpler interfaces and nifty new features. Apart from the admittedly huge question of paying for copyrighted material, will big record companies ever understand consumers' desires as well as these upstarts?

"Everything is so new -- you really have to experiment," says Niklas Zennstrom, the 35-year-old Swede who heads FastTrack, the parent company of the KaZaA network. Mr. Zennstrom wanted to make searches blazingly fast and downloads as painless as possible. So his team set out to build a more efficient way for users to share files.

ON THE NAPSTER network, users connect to each other to transfer files. But because Napster relies on a central directory to coordinate things, it isn't considered a true "peer-to-peer" network. That central directory can be costly to run, and if it is shut down, the service can't work. Its rival, Gnutella, established pure peer-to-peer connections but can be easily overwhelmed when too many users connect.

FastTrack came up with something called supernodes, in which some "peers" on the network are more equal than others. Instead of one centralized directory, the KaZaA network can have thousands. That design speeds searches and coordinates downloads. If you want to give it a try, you can find the KaZaA software at www.kazaa.com  .

Though the KaZaA network has become immensely popular, Mr. Zennstrom doesn't want to become the next Napster. Instead, he created KaZaA to show that the technology works. He hopes his FastTrack start-up will clean up by selling peer-to-peer software to anyone who needs it -- companies that want to create knowledge-management systems, for example, or even rival file-sharing networks. Already FastTrack has licensed its system to MusicCity, which operates the popular Morpheus file-sharing network.

At Audiogalaxy, the designers sought to make file-sharing a friendlier, simpler experience and eliminate vexing error messages at the same time. "Our system will make sure you get your file," says Audiogalaxy CEO Michael Merhej. "We have to earn the consumer's trust, show them they will get what they want."

AUDIOGALAXY LOOKS different from square one. Visit the service at www.audiogalaxy.com  and you'll find that you can search for a song directly from the Web page. That's because Audiogalaxy abandoned the all-in-one approach familiar to Napster users. With Napster, users conduct searches and organize their music files from within the service's software. Audiogalaxy users install a special "satellite" program that acts as a communicator between the PC and the network, but they perform most other activities on Web pages on the service's site.

That can be jarring to those accustomed to the Napster system, but overall it's a very user-friendly system. Because it's Web-driven, searching for music on Audiogalaxy isn't much different than looking for information on Google or other search engines. And unlike Napster, which requires users to select the connection speed and the "bit rate" for the music files they want, Audiogalaxy will pick the best match automatically.

Bob Jensen

-----Original Message----- 
From: David Albrecht [mailto:albrecht@PROFALBRECHT.COM]  
Sent: Saturday, July 21, 2001 2:33 PM 
To: AECM@LISTSERV.LOYOLA.EDU Subject: Re: Free Copies of SFAS 141 and 142

I'm just wondering about ...

My older son (17) just asked whether he could start downloading mp3 files from gnutella. In three conversations over two days, I attempted to explain to him what I knew of intellectual property rights, copyright law, and the ability of organizations like NASCAP to enforce their rights.

I think he now understands, but he finally said, "Dad, why didn't you just say no, instead of going through these discussions?"

I just downloaded the pdf files for 141 and 142, but I wonder if I now have illegal copies. Am I guilty of doing what I just told my son that he could not do?

David Albrecht [albrecht@PROFALBRECHT.COM


"Revenge of the file-sharing masses! By smashing Napster, the music industry has pushed its customers to seek alternatives that won't be so easy to shut down," by Scott Rosenberg, Salon.com --- http://salon.com/tech/col/rose/2001/07/20/napster_diaspora/index.html 

The list begins with the fabled Gnutella protocol -- conceived and released into the wild by renegade programmers employed by AOL. It has been steadily improved from its rudimentary origins; today, popular programs like BearShare and LimeWire provide mostly painless access to a multitude of files across Gnutella-style networks.

Meanwhile, both KaZaA and Music City's Morpheus share a similar technology from a European company named FastTrack. Their version of peer-to-peer file sharing features a particularly well developed approach to "metadata" -- extra information tagged to each file that enables users to target searches better and find out more about files before downloading them.

Out of Texas comes Audiogalaxy, a service that lets you conduct your music searches in your Web browser and then shunts your downloads to a nifty helper application. The OpenNap project makes it possible to run Napster-like servers while bypassing the "official" Napster network; WinMX is a popular client for OpenNap servers. Aimster adopts the instant-messaging model as a basis for organizing file sharing; the Freenet project places its emphasis on anonymity to help protect freedom of expression by dissidents under repressive regimes. Direct Connect provides service based on how many files you contribute to the network; eDonkey2000 is favored by traders of movie files; Mojo Nation builds a credit/debit marketplace into its system.

You'll find dozens of different kinds of file-sharing programs to download at CNet's Download.com. You'll even find a portal with information about all the different contenders at Zeropaid. In many cases these systems, unlike Napster, allow for the trading of all sorts of files, not just music, opening the door to an inevitable explosion of porn traffic.

Some of these projects take an openly hostile stance toward the music industry (the Aimster home page boasts a pistol-packing blond over the words "Take AIM at the RIAA"); others are more corporate-friendly and boast of their compatibility with various intellectual-property protection (or "digital rights management") schemes. Some work beautifully some of the time and then mysteriously fail or go offline; most are in various stages of "beta" development and frequently issuing new upgrades and patches. In the days following the Napster outage many of them experienced a sudden influx of new users and a resulting strain on their networks.

Bob Jensen's Threads on the P2P, PDE, Collaboration, and the Napster/Wrapster/Gnutella/Pointera/FreeNet Paradigm Shift in Web --- http://www.trinity.edu/rjensen/napster.htm 


Forwarded by Storhaug [storhaug@BTIGATE.COM

To follow up on this list's earlier brief discussion on FASB 141 & 142, below is a bookmark to a site "CFO.COM" which has an excellent compendium of articles and links, all of which help you evaluate these new FASB's.

http://www.cfo.com/fasbguide 

"The Goodwill Games How to Tackle FASB's New Merger Rules," by Craig Schneider, CFO.com --- http://www.cfo.com/fasbguide 

The thrill of victory and the agony of defeat. Chances are senior financial executives will experience a similar range of emotions while wrestling with the Financial Accounting Standards Board's new rules for business combinations, goodwill, and intangibles. Use CFO.com's special report for tips on tackling the impairment test, avoiding Securities & Exchange Commission inquiries, finding valuation experts, and much more. While accounting is not yet an Olympic sport, with the right training, you'll take home the gold. We welcome your questions and comments. E-mail craigschneider@cfo.com.
Take Your First Steps

How to Survive the SEC's Second Guessing
New rules for recording goodwill and intangibles may inadvertently produce more restatements.

Cramming for the Final
Get up to speed on the latest accounting rule changes for treating goodwill and intangibles.

Pool's Closed
FASB's new merger-accounting rules have already won some fans among deal makers.
(CFO Magazine)

Intangibles Revealed
Once you identify them, how much will the fair value assessments cost?

Four Ways to Say Goodbye to Goodwill Amortization
Expert tips for tackling the impairment test.

 


Debt to Society (Sociology, Crime, Prisons) http://www.motherjones.com/prisons/ 


AccounitngWEB Excel Tip
Excel's random number generating function, RAND, normally produces a random number that is a five- or six-digit decimal greater than or equal to 0 and less than 1. With a little customization, you can tailor this function to provide integers instead of decimals, and you can request the range within which the results should fall. http://www.accountingweb.com/item/53033 


Included in the recent Upstream Academy conference was a session presented by Art Bowman, of Bowman's Accounting Report, and Martha Sawyer, of Hudson Sawyer, who offered their ideas on the 10 biggest mistakes a leader can make. http://www.accountingweb.com/item/52836 

Included among the twelve sessions of the conference was a presentation by Art Bowman (Bowman's Accounting Report) and Martha Sawyer (Hudson Sawyer) on the Ten Biggest Mistakes a Leader Can Make. Based on their years of covering and working with the accounting profession, and recent interviews with pillars of the profession, the following were named (in no particular order) as the biggest mistakes a leader can make:

For more information on Upstream Academy and the services it offers to members, please visit their web site www.upstreamacademy.com. 

Knowledge Management is garnering acceptance within CPA firms, but the term means something completely different to every firm, as well as every person within the firm. Read the latest findings about this timely topic. http://www.accountingweb.com/item/52851 

Subtitled "The Manager's Guide to Training Professionals To Attract New Clients," the book Creative Rainmakers is the result of over 100 interviews with principals in professional firms, including many of today's preeminent rainmakers. The book covers generating leads, building a strong network of contacts, mastering a variety of sales techniques, and more. http://www.accountingweb.com/book/marketing.html 



Hi Leo,
 
First, I might note that the FASB originally did not think that the valuation problems should prevent expensing of stock options.  The original June 1993 Exposure Draft on "Accounting for Stock-based Compensation" took a strong position that the options have (time) value when they are issued and can be valued at something other than intrinsic value (which is usually zero) at the time the options are issued.  It was political pressure (even from the U.S. Senate) that prevented the booking of such options when issued.
 
Option valuation is a complex issue and I don't think your proposed solution, albeit a clever solution, based upon the current tax returns properly accounts for time value (as opposed to the intrinsic value) of the stock options.  It seems to me that it would be better to value such options at what the company calculates as the value at the time these are issued.  Most companies have stock compensation valuation software or hire consultants who specialize in compensation valuation.  Several links to such specialists are shown below:
 
http://www.myoptionvalue.com/relatedlinks/vt/software.html
 
http://www.fintools.com/frame_fasvalue.html
 
Auditors can run their own valuation software to verify that the estimates used were reasonable.  The point is that there may be differences of opinion with respect to stock option valuation, but there are also differences of opinion of valuation of options in general.  This did not prevent the FASB from requiring fair value booking adjustments (at least every 90 days) to options and other derivative financial instruments in FAS 133/138.  Similarly the IASB requires fair value booking in IAS 39. 
 
However, the intrinsic value method you propose would not be accepted for option valuation under FAS 133.  Time value must be estimated and accounted for differently than intrinsic value under FAS 133.  See Example 9 of Appendix B of FAS 133.  When a deep market does not exist for purposes of valuing investment and financing options, FAS 133 does let firms off the hook in applying FAS 133 fair value adjustments.
 
My point is simply that derivative financial instrument options must be valued, booked, and revalued at least every 90 days under FAS 133.  The FASB excluded FAS 123 employee stock options from FAS 133 fair value bookings, but this was mainly due to intense political pressure rather than an admission that such options cannot be valued.  Obviously they can be valued and are valued when firms and employees include such options in compensation packages.

Bob (Robert E.) Jensen
Jesse H. Jones Distinguished Professor of Business
Trinity University, San Antonio, TX 78212
Voice: (210) 999-7347  Fax:  (210) 999-8134 
Email:  rjensen@trinity.edu 
http://www.trinity.edu/rjensen

-----Original Message-----
From: Leo.McMenimen [mailto:mcmenimenl@MAIL.MONTCLAIR.EDU
Sent: Monday, July 23, 2001 8:04 PM
To: AECM@LISTSERV.LOYOLA.EDU
Subject: Stock Options

Dear Friends,
    I am hoping that you might accept my imposing on this group.  I received the following e-mail from a former student.  I have some responses that I intend to provide to the student, but I was hoping that further, more knowledgeable information might be provided by the members of this group.  Thank you very much for your help.

Leo McMenimen
Montclair State University
Upper Montclair, NJ

My current accounting difficulties center mostly around finding a reliable way of evaluating the impact of options on a company's "real" earnings. By that I mean, the amount of excess cash a company generates from its operations, as opposed to what the income statement says. It did not take me too long in the business for me to realize those two figures are not necessarily closely related.

By not going through the income statement, options compensation, to me, is much like the large unfunded pension and medical care liabilities of the 80s. It is eventually going to come back and bite a lot of shareholders on the butt.
FASB has weakly required only that companies report the effect of options compensation in a footnote in the 10K. Each company is required to state what earnings would have been if potential options liabilities (calculated by the Black-Scholes model) were recognized as current compensation expense. Of course, the big problem with valuing the affect of options issued in any given year is that they generally don't have any value immediately, and are based on estimates of future variables such as growth rates, interest rates, etc. This difficulty in valuing them is also the excuse the companies (and FASB) give for not putting them in the income statement.

From what I hear from the few analysts talking about this issue, Black-Scholes significantly understates the effect on income because some of the rates used are usually underestimated.  But I have another way of viewing the whole problem.  In my view, this problem -- while not being solved for future affect -- is well appraised in the present by the impact of past option grants on current earnings. In other words, my stance is: "okay, you can't say for sure how current options will affect future earnings, but you can see how past options affect today's earnings."

I theorize that one "quick and dirty" way to calculate that affect is to look at the line in the cash flow (from operations section) statement that says: "Tax benefits of employee stock options plans"

For example, on page 26 of Applied Materials' (NASDAQ:AMAT) 10K for 1998, 1999, and 2000, it lists amounts in this row of approx. 28 mil, 161 mil, and 387 mil.  If I understand this correctly, these are tax credits the company gets when an employee exercises a "non-qualified" stock option.  Upon a  grantee's exercise  of a  non-qualified stock  option, 

(i) the grantee will recognize ordinary income in an amount equal to the difference between the  fair market value of  the shares on the  exercise date and the exercise price of the shares; and 

(ii) the Company will be entitled to  a tax deduction in an amount equal  to the income recognized by the grantee.

So, it looks to me like what is happening is that the IRS is, in effect, saying that they recognize that this "in the money" exercise of stock options costs the company in a form of veiled compensation expense. It is therefore giving the company a tax-deduction (in the amount equal to the difference in the exercise price and the market price) that it would have gotten if this expense had been run through the income statement. In other words, for tax purposes, this is recognized as real compensation expense. Since the IRS is seldom in the charity business, that seems good enough evidence to me that there is a real cost to the company.

I conclude from this that this veiled compensation reduces after tax income by the "benefit" amount times (1minus the tax rate), or net income affect = benefit x (1-tax rate)


As I mentioned earlier, this isn't the effect of options issued this year (that's Black-Scholes' job), but the effect of options issued in prior years, hitting home now.  I would like your opinion on a few matters, but primarily on two things:

One, do you think my "quick and dirty" calculations portray a valid approximation of the real economic effect on the company?

And, two, do you see any other way to make a better judgment in this regard?

It seems to me there should be some way to trace this affect through the financial statements more precisely, but I can't get my mind around it.

There's another related matter I'd like you to comment on if you care to. Up until recently, I felt comfortable that I was finding the "truth" by looking at the cash flow statement. That is, I thought that when I waded through the non-cash charges in the operating cash flow section and decided which ones were real expenses, and when I looked with a gimlet eye at the build-up in accounts receivable, etc. I would have a reliable idea of what a company was taking in. Now, having looked into this options mess, I'm no longer confident that any of the inputs into the cash flow statement can be trusted. Do you have an opinion on my concern?

And lastly -- on an unrelated matter -- while many 10Ks break out depreciation expense from amortization of intangibles somewhere, either in the income statement or in the footnotes, many do not. When trying to figure real, usable excess cash flow, it is important to know which is which, since depreciating assets have to be replaced, whereas "goodwill" doesn't. Do you know of someway to deduce this that I don't?

Student XXXXX


Interested in XML? Sign up for a free weekly email full of XML news, features, downloads and reviews. http://www.zdnet.com/enterprise/lists/xml/subscribe.html 

Bob Jensen's XML threads are at http://www.trinity.edu/rjensen/xmlrdf.htm 





If you're really bored at your desk this summer, play this Shockwave game!
Whack-a-Flack --- http://www.whackaflack.com 

Tired of pushy PR flacks and overzealous young account execs huffing breathlessly over the virtues of the next Useless.com? Feeling bombarded by inane hype? Here's your chance to give them a taste of their own... media kit.

Choose the PR agency that you'd like to give some comeuppance to. Let us know why they're being whacked. Then have at 'em with our Whack-a-flack Shockwave game.


Forwarded by Bob Overn

You have to love corporate America.

1.
"As of tomorrow, employees will only be able to access the buildingusing individual security cards. Pictures will be taken next Wednesday and employees will receive their cards in two weeks."
(This was the winning quote from Fred Dales at Microsoft Corp. in Redmond, WA.)

2.
"What I need is a list of specific unknown problems we will encounter."
(Lykes Lines shipping)

3.
"E-mail is not to be used to pass on information or data. It should be used only for company business."
(Accounting manager, Electric Boat Company)

4
"This project is so important, we can't let things that are more important interfere with it."
(United Parcel Service)

5.
"Doing it right is no excuse for not meeting the schedule."

6.
"No one will believe you solved this problem in one day! We've been working on it for months. Now, go act busy for a few weeks and I'll let you know when it's time to tell them."
(R&D supervisor, Mining and Manufacturing/3M Corp.)

7.
"My boss spent the entire weekend retyping a 25-page proposal that only needed minor corrections. She claims the disk I gave her was damaged and she couldn't edit it. The disk I gave her was write-protected."
(CIOof Dell Computers)

8.
Quote from the Boss: "Teamwork is a lot of people doing what I say."
(Marketing executive, Citrix Corporation)

9.
My sister passed away and her funeral was scheduled for Monday. When I told my Boss, he said she died on purpose so that I would have to miss work on the busiest day of the year. He then asked if we could change her burial to Friday. He said, "That would be better for me."
(Shippingexecutive, FTD Florists)

10.
"We know that communication is a problem, but the company is not going to discuss it with the employees."
(Switching supervisor, AT&T Long Lines Division)

11.
We recently received a memo from senior management saying: "This is to inform you that a memo will be issued today regarding the memo mentioned above."
(Microsoft, Legal Affairs Division)

12.
One day my Boss asked me to submit a status report to him concerning a project I was working on. I asked him if tomorrow would be soon enough. He said, "If I wanted it tomorrow, I would have waited until tomorrow to ask for it!"
(New business manager, Hallmark Greeting Cards.)

13.
As director of communications, I was asked to prepare a memo reviewing our company's training programs and materials. In the body of the memo in one of the sentences I mentioned the "pedagogical approach" used by one of the training manuals. The day after I routed the memo to the executive committee, I was called into the HR director's office, and told that the executive vice president wanted me out of the building by lunch. When I asked why, I was told that she wouldn't stand for perverts (pedophiles?) working in her company. Finally, he showed me her copy of the memo, with her demand that I be fired and the word "pedagogical" circled in red. The HR manager was fairly reasonable, and once he looked the word up in his dictionary and made a copy of the definition to send back to her, he told me not to worry. He would take care of it. Two days later, a memo to the entire staff came out directing that no words that could not be found in the local Sunday newspaper could be used in company memos. A month later, I resigned. In accordance with company policy, I created my resignation memo by pasting words together from the Sunday paper.
(Taco Bell Corporation)


Perhaps Nelson should clear his memory of the past and call the woman in the circled ad in the second column.
From Nelson Workman (Readers Digest, July 2001, p. 139)

After four years of separation, my wife and I finally divorced amicably.  I wanted to date again, but had no idea of how to start, so I decided to look in the personals column of the local newspaper.  After reading through all the listings, I circled three that seemed possible in terms of age and interests, but I put off calling them.

Two days later, there was a message on my answering machine from my ex-wife:  "I came over to your house to borrow some tools today and saw the ads you circled in the paper.  Don't call the one in the second column.  It's me.


My secretary, Debbie Bowling, says I fit the definition of a hyperflier (from Wordspy) --- http://www.logophilia.com/WordSpy/ 

hyperflier (noun)
A person who travels very frequently, especially for business.

"Hyperfliers can be identified by pallid complexion, red, watery eyes and a crease in their stomach from having a laptop crushed into their body by the reclining seat in front of them." --David Olive, "Modern Business Usage," The National Post, July 1, 2001

See Also: air rage, economy class syndrome, flyover country

Backgrounder 
The first use of today's term appears to have been in the following Wired magazine article:

"The final jet-booster of this trend is the airlines' extraordinarily successful frequent-flier programs, which have provided the burgeoning hyperflier culture with its own currency, lexicon, and class structure. ... The hyperfliers may think they're getting something for nothing, but they're actually playing the airlines' game. By tightly restricting free flights, airlines have rigged it so that a passenger flying for free almost never displaces a paying customer, and typically costs the airline only about $20 per flight. But to earn that $20 flight, hyperfliers will go out of their way to book all their tickets on one airline, and may waste hundreds or thousands of dollars building their status." --Warren Berger, "Life Sucks and Then You Fly," Wired, August, 1999

Grammar question:  
You see much more use of plural adjectives used with mixed singular and plural nouns.  The word "their" is a plural adjective.  Wouldn't it be more proper to write "their stomachs" and "their bodies" so that the plural noun stomach matches the plural subject "Hyperfliers"?  I mention this because it's becoming so common to mix plural adjectives with singular nouns, and vice versa, that it is more difficult to determine what is incorrect grammar.  It is even more common when a singular noun signifies a collection of elements.  For example, "Ford Motor Company pays their employees ..." or "Notre Dame admits their students ..."  Send your comments to rjensen@trinity.edu 


And that's the way it was on July 27, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

 

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

  Hline.jpg (568 bytes) Hline.jpg (568 bytes)

 Hline.jpg (568 bytes)

 

July 20, 2001

Quotes of the Week

As when, O lady mine!
With chiselled touch
The stone unhewn and cold
Becomes a living mould.
The more the marble wastes,
The more the statue grows
.
          Sonnet by Michelangelo Buonarroti. (1475–1564)

Every sweet has its sour; 
every evil its good. 

Essays. First Series. Friendship by Ralph Waldo Emerson. (1803–1882)

The only reward of virtue is virtue; 
the only way to have a friend is to be one.

Essays. First Series. Friendship by Ralph Waldo Emerson. (1803–1882)

Every hero becomes a bore at last. 
Representative  Men. Uses of Great Men by Ralph Waldo Emerson. (1803–1882)

A creative economy is the fuel of magnificence
English Traits. Aristocracy  by Ralph Waldo Emerson. (1803–1882)

Today's corporate environment is driven by increasing shareholder activism, particularly regarding stock price performance on behalf of the shareholders.  Large public pension funds such as CalPERS and TIAA-CREFF have become closely organized in pressuring management teams and boards to deliver returns or get out.  Furthermore, boards of directors, increasingly made up of independent outsiders, have become much more aggressive in removing senior officers when performance measures aren't met.
Moriarity and Livingston (see below)



On August 12, 2001 in the Marriott Marquis in Atlanta, a module of the CPE No.1 workshop will be devoted to the world's most famous knowledge portal called Fathom.  The workshop module will be presented by Dr. Kirschenheiter from Columbia University as described at http://accounting.rutgers.edu/raw/aaa/2001annual/cpe/cpe1.htm 

I am hoping that Dr. Kirschenheiter will elaborate on the unique "Knowledge Trails" feature of the Fathom knowledge portal.

The Fathom homepage is at http://www.fathom.com/index.jhtml 
Both fee-based and free online courses and seminars are now available from Fathom partners, including Columbia University, the London School of Economics, the University of Chicago, Cambridge University Library, Rand Corporation, and other prestigious partners.  

Whether you do or do not attend the above workshop, I recommend that you subscribe to one of more of Fathom's free  newsletters and courses.  See http://www.fathom.com/index.jhtml?pageName=/register/register_signin.jhtml?_DARGS=%2Fregister%2Fregister_signin.jhtml.2 

The following appears in Syllabus News on July 17, 2001:

Fathom and Prometheus to Provide Free Online Learning

A series of free online seminars from institutions including Columbia University, the London School of Economics, and Cambridge University Press is being made available by Fathom, a source for online learning, delivered on software by Prometheus, the open architecture courseware from the George Washington University. The Prometheus-Fathom partnership will make available online seminars from leading universities, museums, and libraries for free to an international audience through Fathom ( http://www.fathom.com  ), a company founded by Columbia University. Utilizing Prometheus software, the seminar material is presented in a variety of media, including text, images, audio, video, and animation. Following this "virtual lecture," participants can join discussion boards, take a self assessment test, or learn more through related educational links. Examples of the coursework to be made available for the first time this summer include, "Women's Health: Not for Women Only" from Columbia University, "The Globalisation Debate" from The London School of Economics and Political Science, "How to Read Joyce" from Cambridge University Press, and "The Lindisfarne Gospels" from The British Library. The free seminars are expected to take between a half-hour and two hours to complete.

Bob Jensen's threads on portals and vortals are available at http://www.trinity.edu/rjensen/000aaa/portals.htm 


Benjamin Tai and Ali Peyvandi requested that I conduct a workshop on the implications of e-Commerce for accounting on  October 28 at the 13TH ASIAN-PACIFIC CONFERENCE ON INTERNATIONAL ACCOUNTING ISSUES, October 28-31, 2001 Rio de Janeiro, Brazil.  I have included Gerald (Jerry) Trites from Canada for a module on Reporting on the Internet in this workshop.  The homepage for the entire conference is at www.craig.csufresno.edu/conasia 

I am considering writing a case for part of my presentation in the above workshop.  The case is rooted in the demise of Webvan.

"Why Webvan Went Bust," by Roger Blackwell --- The Wall Street Journal Editorial Page A22, July 16, 2001 --- http://interactive.wsj.com/articles/SB995231713260294816.htm 
Roger Blackwell, a professor of marketing at Ohio State University, is co-author of Customers Rule! Why the E-Commerce Honeymoon is Over and Where Winning Businesses Go From Here (Crown, 2001) 

The above article concerns an online grocery picking and delivery service.  Professor Blackwell asserts the following:

The downfall of Webvan offers lessons for nearly every type of business. Here are a few of them:

Webvan's fate was foreseeable to anyone who understood why the home delivery system vanished 30 years ago. However, that doesn't mean that retailers should abandon online business. In fact, it means the opposite. Retailers should embrace the Internet for certain marketing and branding strategies, but never at the peril of ignoring how customers buy and use their products and services.

 

Comments from Bob Jensen
This raises questions about why online pharmacies are so successful while online grocery services, bookstores, and other Internet retailers are struggling or failing entirely at the moment.  Some of the reasons are obvious:

  1. Pharmacy items are generally low in weight and require no refrigeration (for over 99%) of prescriptions.  This makes shipping less costly, including express shipping.  
  2. Getting prescriptions filled is a dreaded chore that offers little entertainment, whereas some shoppers enjoy browsing in a supermarket or bookstore.  Being forced to sit and wait for a prescription to be filled is viewed as a total waste of time.
  3. Online pharmacies can actually deliver prescriptions at lower prices than onsite pharmacies due to economies of scale, lower labor costs (reduced labor in taking orders and collecting fees), and the ability to improve scheduling when pharmacists process orders.

As Professor Blackwell points out, the fall of Webvan does not mean that there is not a future for online grocery and related  e-Commerce business ventures.  Success of e-Commerce depends upon improving customer services and/or lowering customer prices.  When services are unbundled, the subset unbundled online services must either be cheaper and/or they must entail service enhancements that customers really want.  This has happened much more with online pharmacy services than with online grocery markets.

Why is this an interesting issue for accounting?  I can imagine a few areas of interest.

What is especially interesting to me are issues in the Webvan failure that possibly carry over to the business on online training and education.  I have taken the liberty of rewriting some of his major points in the context of online training and education rather than online grocery shopping.

It seems to me that the business of education offers many opportunities for accounting researchers to venture into uncharted waters.  As universities unbundle services for online delivery of  subsets of unbundled services, how can the fixed and/or joint costs of these services be unbundled for education administrators?  How do we break apart the salary of a campus ITS technician who serves both onsite and online programs?  How do we break apart the salaries of faculty who teach online and onsite courses as well as conduct research and provide various professional services on and off campus?

Warning:  It is possible to carry the supermarket analogy too far.  No two supermarket customers are exactly alike, but this hardly matters when buying cans of Campbells Pork and Beans that are exactly alike whether purchased onsite or online.  No two students are exactly alike, and this matters greatly when taking courses onsite versus online.  Courses, unlike cans of beans, are never exactly alike even when given by the same instructor.

Readers can be of help to me in providing their thoughts and suggested references to help me in writing up this "Rio Case."  My email address is rjensen@trinity.edu 


A recent study, conducted by Expertise Marketing of more than 500 professional service firms (including over 90 accounting firms) can help any organization better understand how to effectively strengthen the bond between the company and their clients. http://www.accountingweb.com/item/40526 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=40526 


Hello Dr. Jensen,

I would appreciate it if you would consider ABYZ News Links for inclusion as a link on your website on the page http://www.trinity.edu/rjensen/bookbob3.htm   under the heading  "Newspapers/Magazines".

ABYZ News Links at http://www.abyznewslinks.com/  contains links to more than 17,000 newspapers and other news sources from around the world.

Some of the notable features of ABYZ News Links follow: -It is large, well organized, detailed, and accurate. -The emphasis is on strong content. -It is particularly strong in non-English news media. -Simple design aids quick downloading of the site. -Links are checked regularly with a link checking program resulting in a much lower than average link failure rate. -The site is worked upon and updated daily.

I believe ABYZ News Links would be a very useful resource for your website visitors. Thank you for considering it for inclusion on your site.

Sincerely, 
Marv Carlson 
ABYZ News Links
Marv Carlson
[marvcarlson@home.com

Reply from Janet Flatley

Dear Mr. Carlson:

I was intrigued by your letter to Professor Robert Jensen (published in http://www.trinity.edu/rjensen/bookurl.htm  concerning ABYZ News Links. I thought it might be a link I could use in my work. Before I checked the links, however, I tried the search engine. Unfortunately, it had less than impressive results. When I asked for "George Bush," the following were representative results. Although I will bookmark you site for the news links, I was disappointed that the search engine was less than useful.

Sincerely,

Janet Flatley, CPA


Wow Products of the Week --- http://64.14.40.97/explore_products/productinfo.jsp 

Sony MVC 1000 and MVC CD300 --- Digital Cameras that Record Directly to CDs (in CD-R or CD-RW format) Without a Computer and Will Play Back in All Computers Having CD/DVD Players

Sony's new CD Mavica cameras record images to a high capacity of CD-R media, its affordability, archive ability and its ability to be used in virtually any PC is what's expected of a CD Mavica camera and adding the option of CD-RW. The new CD Mavica models offer more than just a great way to store images. They incorporate new ergonomic and photographic advancements as well as a choice of resolutions and lens configurations. The MVC-CD300 adds 3.3 megapixel resolution, a 3X Carl Zeiss™ Vario Sonnar Zoom lens, and three-shot, two-frames-per-second burst or exposure bracketing modes. Also the MVC-CD300 include AF illuminator assisted autofocus, extensive Manual Focus and exposure controls, and a choice of three MPEG Movie Modes, including Sony's MPEG HQ, which offers full screen playback of 320 x 240 video clips with high sampling rate audio. ( $999.95 ERSP*  for the MVC CD300)

The Sony DVR 820 That Takes Digital Pictures and Prints Hard Copy from the Camera Without a Computer

When it comes to technological innovations, Sony leads the pack. And the DCR-TRV820 is a great example. Along with the myriad features that make Sony's Handycam® Camcorders fun and easy to use, Sony's top-of-line Digital8™ offering also includes a built-in dye sublimation printer. So you can shoot, record and print your precious memories all with one camcorder, and only from Sony. ($1299 ERSP*)

The Sony DCM-M1 That Records to Digital Video to a Disk and Allows Editing of Video Clips Without a Computer

Any camcorder records video. But the DCM-M1 MD Discam™ camcorder-without any extra equipment-can edit and finish compelling home movies that everyone will want to watch. That's because it records onto a disc, so you have instant access to any video clip. You can delete and trim away the boring parts, leaving just the video you want to tell your story. And you can add effects, transitions, freehand drawing and titles. So you're not just recording video. You're making movies worth watching. ($2299 ERSP*)

The Sony DPP-SV55 Printer That Will Print Pictures from a Sony Digital Camera Memory Stick Without a Computer

Get high quality 4X6" photo print-outs, at home, in minutes. Just take images saved on Memory Stick® media from a Sony Cyber-shot® digital still camera or Handycam® camcorder, and insert it in to the Memory Stick media slot. Dye Sublimation Technology guarantees detail and clarity. You can print photos from PC Card, Smart Media, or CompactFlash™ Memory Cards with a PC card adaptor. For extra convenience, you can connect to your computer using the built in USB connection. Print and capture images or utilize the built in image optimization functions to get creative and improve your digital images. ($349.95 ERSP*)


Meet John Jordan
In May 2000 at a futurist workshop for accounting professors sponsored by Ernst & Young in Cambridge, one of the highlights for me was a dinner talk given by John Jordan.  All of you can now read about John Jordan, and some of you will be able to listen to his address in the Opening Session on August 13 at the American Accounting Association Annual Meetings in Atlanta --- http://accounting.rutgers.edu/raw/aaa/2001annual/program.htm 

Futurist John Jordan is headquartered in the Paris-based Cap Gemini Ernst & Young.  An interview with John takes up an entire page of a July 16, 2001 Special Report R ("The Faces of E-Commerce:  The People Who Make It All Work") of The Wall Street Journal on Page R6.  The title of the article is "The Researcher:  John Jordan Spends His Days Thinking About the Future."
http://interactive.wsj.com/fr/emailthis/retrieve.cgi?id=SB995042649871538738.djm 

John attempts to answer the following difficult questions posed by WSJ News Editor Michael Totty:

Mr. Jordan: As to when some of these developments unfold, there are at least two aspects to that. The first is demographic: How quickly will people with new abilities and expectations achieve critical mass in a given economy? Secondly, what technology innovations will open up new chunks of a previously frozen market? Because network effects are typically exponential, extrapolation from the past isn't a very reliable guide on either front.

As to what's ahead, we're tracking several things for the next 24 months or so that fall into three categories: mobility, defined pretty broadly; big increases in enterprise capability; and an emphasis on usability.

Mobility includes GPS [global positioning system] as part of a class of way-finding and location-aware technologies. I've seen some amazing things happening in mapping, for example. It also points to business-to-business wireless applications for people in field service. Device-to-device communication, things like telematics [the combination of computing and wireless communication] and remote medical diagnostics and therapeutics, are also in that bucket.

We also believe that e-commerce is rapidly maturing, coming of age if you will, so that it will inform all manner of enterprise applications. Getting better information to decision makers, often closing in on real time, pays back handsomely. Developing technology architectures and organizations to let companies better adapt to changing business needs and opportunities typically implies a heavy reliance on Internet protocols and principles. Finally, for all the last decade's talk about personalization and customization, most companies have ample opportunity to do a better job on demand generation and management, and here again the Net can be a powerful tool.

Usability is probably the most volatile area. Consumer behavior can explode, or it can be sluggish despite every possible stimulus. Lots of applications could become much more popular given a cheap, powerful, reliable speech-to-text or text-to-speech engine, and there are plenty of these in the works. Good tools allow people to connect to each other at an emotional level, which is why voice remains so important. If you imagine a world with only e-mail, telephony would be regarded as a breakthrough. Plenty of people recognize this, yet a lot of online commerce prototypes are extremely impersonal.

I should conclude with at least one prediction: If you want to glimpse the future, watch the gaming space. My sense is that this sector is primed to go wild. Whether the platform battle is won by Sony, Microsoft, or somebody else, the behavioral and commercial changes afoot in gaming -- which includes far more than the console market, by the way -- will seep into other markets well within that time frame you specified. The best new games are much more about human stories and connection than about explosions and road rage, and can do an extraordinary job of blurring the line between online fantasy and physical reality.

You can read more about John Jordan at http://www.cgey.com/focus/authors/JohnJordan.shtml 


GE Capital Credit Line Calculator for Business Firms (Finance) --- https://www.mygedeal.com/cfcalculator/abcalc.jsp 


Although the following article is not online, it is an interesting hardcopy article entitled "Quantitative Measures of the QUALITY of Financial Reporting," by George B. Moriarty and Philip B. Livingston, Financial Executive, July/August 2001, 53-56.  Both authors are officers of the Financial Executives International (FEI).  The FEI homepage is at http://www.fei.org/ 

One informative table in the article is the following table accompanied by a chart showing the trend stock market value losses of companies due to restatement of reported earnings after the audited financial reports were originally published showing (usually) higher levels of earnings:

Percentage of Total Restatement Stock Value Losses to Total Value of Public Companies
1990   0.021%     1996   0.032%
1991   0.009        1997   0.011
1992   0.032        1998   0.129   
1993   0.004        1999   0.137
1994   0.022        2000   0.194
1995   0.015

Although, most of the restatements are among smaller companies, the 10 largest annual market value losses comprise most of the reinstatement dollar value losses shown above.  Of course the denominators in the above calculations are enormous values in trillions of dollars.  In the last five years shown above, the value of U.S. equity markets increased by $7.14 trillion.

Why Are Companies Restating?

The underlying reason for each restatement was organized into one of 10 groups: revenue, cost, revenue and cost, loan loss, acquisition, in-process research and development (IPR&D), reclassification, bookkeeping errors, others and unknown.  Revenue recognition issues caused 33 percent of restatements.  Cost problems, with inventory valuation as the leading source, caused 28 percent.

Restatements due to revenue recognition issues make up the largest portion of the database, providing 360 cases.  The following were common themes for revenue restatements:

Cost and expense-based restatements ran a close second, with 305 cases.  Surprisingly, the common errors in these cases stem primarily from the fundamental aspects of inventory valuation, including improper overhead absorption, obsolescence and valuation.

In-process research and development emerged as an issue in 1998, when the SEC addressed how firms accounted for in-process R&D in mergers and acquisitions.  Based on what the SEC perceived to be overly aggressive IPR&D write-offs, the commission pursued and evaluated cases very aggressively in late 1998 and throughout 1999.

This resulted in 57 restatements in 1999 and 67 in total since 1998.  By and large, these restatements had minimal effect on the companies' market value.  By 2000, this issue seemed to have been absorbed into business practices, as there was just one IPR&D restatement for the year.  Indeed, because the effects of IPR&D were so localized in 1999 and the market value effect so minimal, the bulk of the FEI Research Foundation analysis excluded those cases.

The number of cases enforced by the SEC for any reason averaged eight per year from 1990 to 1997.  However, that number rose to 17 in 1998 and 21 in 2000.  There were fully 75 SEC enforced restatements in 1999, but 48 were IPR&D cases.  Identifying cases of SEC enforcement is an inexact science, because companies are not required to disclose this information.

 . . .

What Happened in 1998?

Despite the low overall rate of restatements and the minimal losses associated with them, the number of restatements increased noticeably in the last three years of this study, which raises the obvious question, Why?  Although certain constituencies might answer differently, metrics developed by the research produce two broad reasons:

The clearest start date for the more aggressive stance on earnings management at the SEC was the September 1998 speech by then-Chairman Arthur Levitt.  Its impact was considerable: 397 restatements, or 36 percent of all restatements between 1977 and 2000, occurred after that speech.

Today's corporate environment is driven by increasing shareholder activism, particularly regarding stock price performance on behalf of the shareholders.  Large public pension funds such as CalPERS and TIAA-CREFF have become closely organized in pressuring management teams and boards to deliver returns or get out.  Furthermore, boards of directors, increasingly made up of independent outsiders, have become much more aggressive in removing senior officers when performance measures aren't met.

Overall, corporations have responded favorably to these heightened expectations and pressures.  The result has often been spectacular results for shareholders, but some have clearly come at a cost.  Pressure to deliver the numbers rose during the period leading up to the increase in restatements.  While the gains are high, and total market value has increased more than $4.7 trillion since 1997, the cost to shareholders from restatements has been $74.3 billion, or 1.6 percent of the growth.  On balance, companies and shareholders have plainly benefited from successfully managed businesses.

Conclusions

The study indicates that the overall quality of financial reporting is high.


"SEC List of Accounting-Fraud Probes Grows, Stretching Agencies Resources," The Wall Street Journal, July 6, 2001 --- http://interactive.wsj.com/archive/retrieve.cgi?id=SB994366683510250066.djm 

WSJ Interactive Questions on July 12, 2001

1.) "The most visible indicator of improper accounting-and source of new investigations-is the growing number of restated financial reports." Based on your knowledge of APB Opinion 23, why is this statement true? What other sources of information does the SEC use to trigger investigations?

2.) Why would the SEC want to "ferret out" questionable accounting practices before "word of a company's accounting problems has leaked and battered its stock price"? How does this goal relate to the SEC's responsibilities? What steps are they undertaking to accomplish this goal?

3.) What is fraudulent financial reporting (as opposed to an accounting error)? Why might the current economic circumstances lead to greater incidences of fraudulent financial reporting?

4.) Read the summary of a research study entitled "Fraudulent Financial Reporting: 1987-1997: An Analysis of U.S. Public Companies" at the AICPA web site http://www.aicpa.org/news/p032699b.htm  How do the factors identified in this study provide a basis for helping the SEC to detect questionable accounting practices earlier than is now the norm?

5.) How are executives' compensation packages tied to share prices? What are the benefits of such compensation arrangements? Why do current market conditions enhance the risk that executives may be willing to undertake earnings management practices to enhance their own salaries? What market reactions to earnings announcements exacerbate these incentives to manage earnings?


The latest FEI Research publication studies four institutions - Mayo Clinic Rochester, Nortel Networks, Pitney Bowes and Southwest Airlines - and how they implemented, or are implementing, the balanced scorecard. Results from a survey of more than 170 companies are also included: http://www.fei.org/rf/PubDetail.cfm?Pub=70 


BARUCH LEV'S NEW BOOK Brookings Institution Press has just issued Baruch's new book, Intangibles: Management, Measurement and Reporting. Regardless of the "dot com" collapse, this subject continues to be high on the corporate executive's agenda. Baruch foresees increasing attention being paid to intangibles by both managers and investors. He feels there is an urgent need to improve both the management reporting and external disclosure about intellectual capital. He proposes that we seriously consider revamping our accounting model and significantly broaden the recognition of intangible assets on the balance sheet. The book can be ordered at https://www.brookings.edu/press/books/intangibles_book.htm 

Professor Lev's free documents on this topic can be downloaded from  http://www.stern.nyu.edu/~blev/newnew.html 

Related documents of interest include the following:

FASB REPORT - BUSINESS AND FINANCIAL REPORTING, CHALLENGES FROM THE NEW ECONOMY NO. 219-A April 2001 Author: Wayne S. Upton, Jr. Source: Financial Accounting Standards Board --- http://accounting.rutgers.edu/raw/fasb/new_economy.html 
Upton's book challenges Lev's contention that the existing standards are enormously inadequate for the "New Economy."

The Garten SEC Report: A press release and an executive summary are available at http://www.mba.yale.edu  
The Garten SEC Report supports Lev's contention that the existing standards are enormously inadequate for the "New Economy."
(You can request a copy of the full report using an email address provided at the above URL)


Hi Barb,

Although you may not want to share this much negativism about accounting education with your students, you might find important ideas to relay from the Management Accounting Quarterly, Fall 2000, http://www.mamag.com/fall00/russell.htm 

You might take a look at "The Impact of Computer Assisted Learning on Students' Performance" by Fara Elikai and John Marts, Journal of Business Disciplines Indiana University Southeast 1527-151X/Vol. I (2000) --- http://www.ius.edu/Business/images/Performance.pdf  (Note the particular references to The Bedford Report)

You might take a look at William Bennett's "Read the Introduction" at http://www.collegeguide.org/choosing/intro.html 

I realize that you're asking a question more about attitude change than student research, but one means of moving toward a change of attitude is to foster the importance of research and research experience.  A place to start when trying to get undergraduate students to think outside the textbook is the homepage of the Council on Undergraduate Research (although most of the site is devoted to humanities and science students).  The CRU homepage is at http://www.cur.org/ 

There is a manual called How To Develop and Administer Institutional Undergraduate Research Programs that has a section on common practices and surveys.  There is also a journal called The CUR Quarterly --- http://www.cur.org/Publications/Quarterlies.html 

The Undergraduate Writing Center at the University of Texas has some great faculty resources to stimulate better writing --- http://uwc.fac.utexas.edu/fac/resources/index.html 

You might also make use of accounting firm messages to prospective graduates.  Have your students note the varied career opportunities and challenges that are not covered in your textbook.  Urge them to think outside that textbook.  One such message can be found at http://www.kpmg.ca/english/careers/campus/chairman.html 

See "Net Experience Is Best Teacher," by Katie Dean, Wired News, June 28, 2001 --- http://www.wired.com/news/school/0,1383,44869,00.html 
Although the above reference focuses on K-12 students, the arguments extend to undergraduate and graduate students in college.

You might also take a look at my Working Paper 265 at http://www.trinity.edu/rjensen/265wp.htm 

I hope these random and off-the-wall suggestions help a little.

Bob Jensen

I teach first year MBA students accounting in an online environment. I am looking for ideas to help them change their paradigm from undergraduate thinking to graduate course thinking. While some students are mature and easily move to the graduate course level, others seem to be very competitive, "picky" about marks instead of seeing the big picture & work in teams reluctantly. Work load is an issue with most of them and they seem to have a lot of trouble moving to the non-directed case. I recognize that the first course is difficult so I have written a course guide that includes basic coverage of why cases are used, workload, why teams are used and the learning methodology. What other suggestions or exercise are others using to deal with this shift? 

Thanks 

Barb Edwards, M.Acc., CA Senior Lecturer (Accounting), Faculty of Business, Simon Fraser University Burnaby, BC V5A 1S6 Direct line 250-656-6221 Fax 250-656-5479 Email: bjedwards@sfu.ca or bjedwards@home.com 


Science teachers battle to build the best on-the-spot experiment at the San Francisco Exploratorium Iron Science Teacher competition. Also: Teachers meet to discuss how to improve math education, in Katie Dean's education notebook --- http://www.wired.com/news/school/0,1383,45236,00.html 

"Net Experience Is Best Teacher," by Katie Dean, Wired News, June 28, 2001 --- http://www.wired.com/news/school/0,1383,44869,00.html 

One of the largest challenges to implementing technology in the classroom is providing teachers with enough training and support so they can comfortably use the tools to help their students learn.

One effort toward bridging that gap is taking place at the Center for Learning Technologies in Urban Schools (LeTUS) in Evanston, Illinois, where researchers and teachers are working together to develop technology-rich science curricula.

The center, funded by the National Science Foundation, is a joint project among Northwestern University, the University of Michigan, and the Chicago and Detroit public school districts.

"We're a story about challenge as opposed to a story about technology," said Louis Gomez, the executive director of LeTUS and a professor at Northwestern who spoke at the National Educational Computing Conference in Chicago this week. "Technology turns out to be a really cool way to get kids to do ambitious things.

"If you put tools in the hands of kids and give them the power to analyze, they get jazzed."

In the project-based curricula, kids look at a "driving question" for a particular subject. Teachers act as facilitators, guiding their students, who develop their own hypotheses.

Instead of listening to a lecture about natural selection, for example, kids study the climate, food, and characteristics of a particular species. They research the species using software or the Internet.

"They could have learned all of this by reading two paragraphs in a textbook, but the fact that they have to figure it out for themselves is the real learning," said Lou-Ellen Finn, the professional development coordinator at LeTUS who taught middle school science in the Chicago public schools for 30 years.

"That's not always going to come from a textbook that's 'approved' by someone," she said.

See also:
Forget PTA; This School Goes PDA
Kids Need Hands-On Tech
Teachers Miss Out on Tech Tools
Get schooled in Making the Grade


Arthur Andersen's Accounting Research Manager (after a free 30-day trial, the cost is over $2,000 per year for a single user) --- http://www.arm.arthurandersen.com 
Academic pricing is not mentioned at the Web site, but some universities might possibly negotiate lower pricing.

Accounting Research ManagerTM is a comprehensive financial reporting knowledgebase that provides materials designed to help solve your most pressings issues. Continually updated, it is the most timely, complete, interpretive resource for your financial reporting needs.

PwC's Comperio Accounting Research Manager ($1,400 in the U.S. and considerably cheaper in other nations, but the comprehensive version covering all territories is $3,340)

Comperio is the most comprehensive on-line library of financial reporting and assurance literature in the world. Over 1,500 financial executives from around the world use Comperio on a daily basis. Comperio content includes AICPA, DIG, EITF, FASB, IAS, ISB and the SEC as well as pronouncements and standards from Australia, Belgium, Canada, New Zealand and the United Kingdom.

With Comperio, the answers you need are always available - right now, right at your fingertips. There is no software to install - just go to the Comperio website and start researching!

The entire online library can be immediately accessed by browsing a pronouncement or topic directly, or by searching the entire database for key words, topics or terms.

Visit the Comperio product information site at http://www.pwcglobal.com/comperio . You will find the necessary forms to order Comperio today or to request a 30-day free trial.

Bob Jensen's threads on other portals and vortals can be found at http://www.trinity.edu/rjensen/000aaa/portals.htm 

Reply from Todd Boyle [tboyle@ROSEHILL.NET

Bob, 
Thanks for these reviews; I had not been aware of these products.

As an independent accountant I can't help but feel some frustration that accounting standards have become so obfuscated and complexified that we need to spend $100/month or more, just to stay in the game.

The big 5 firms and legal establishment are the primary cause of both the complexity of rules and the rate of churn. What is really galling is that even the core standards text, published by industry associations AICPA and FASB costs hundreds of dollars. It is legally binding in all 50 states as GAAP but we have to pay to read it!

Quite frankly I think this is a sickness that needs to be fixed.

The cure is that any component of GAAP, GAAS, etc. that is binding on reporting entities or accountants, must be published to a government run website, with thorough indexes and search capabilities, free of cost.

I call for federal legislation that no GAAP or GAAS standard that is not available in its entirety, shall be made binding by state boards of accountancy or federal regulators. In other words, if the State Boards want to shirk their duties to maintain accounting rules by delegating the rulemaking to the big CPA firms or industry associations, then those rules must be made available to the public free of charge.

Todd Boyle CPA Kirkland WA

Reply from Mohammad J. Abdolmohammadi

Bob,
Complementary academic subscriptions may be available from local offices of AA and PWC. I believe our ACELAB (Accounting Center for Electronic Learning and Business Measurement) has received complementary subscription to both AA's Accounting Research ManagerTM and PWC's Compario through our contacts with local offices of these firms. My students in my applied research course use these knowledge bases as well as FASB's FARS database (for which ACELAB pays a subscription) extensively. They are wonderful sources of information for case analysis.

Mohammad J. Abdolmohammadi, DBA, CPA 
John E. Rhodes Professor of Accounting 
Bentley College ( www.bentley.edu
175 Forest Street Waltham, MA 02452 781-891-2976 voice 781-891-2896 fax


Congratulations to my first Department Head (when I was a new assistant professor at Michigan State University).  See http://www.legis.state.ga.us/Legis/1997_98/leg/fulltext/hr738.htm 
In the midst of an active session of the Georgia House of Representatives, all business ceased for the time being when Don entered the chamber. He was then asked to address the House. Later, a group of legislators and senators escorted him to the Govornor's office. The Democratic Govornor later accompanied the solid Republican Don Edwards to the U.S. Whitehouse for a luncheon. This was all in respect for what Don had accomplished for higher education in the State of Georgia.

Don inspired some of our very best accounting educators and researchers around the world to enter accounting doctoral programs.  Don is also one of our best-known accounting leaders among corporate executives and government officials.  If you want to know more, go to Google's advanced search page (Exact Phrase) and type in the name of James Don Edwards --- http://www.google.com/advanced_search 

The Accounting Hall of Fame's homepage is at http://fisher.osu.edu/acctmis/hof/hall.html 

Bob, 
I thought you would like to know that James Don Edwards will be inducted into the Accounting Hall of Fame at the Ohio State U
niversity Accounting Hall of Fame.
Daniel L. Jensen [jensen_7@cob.osu.edu


Wow Site of the Week

Foster Business Library --- http://www.lib.washington.edu/business/bizweb/ 

A-Z List of all Business Resources

Business - General

Accounting & Taxation

Banking and Finance

Business Law

Business & Industry Statistics

Career/MBA

Company Directories

Company Financials, Stocks, & Investments

Consumer Information

E-Commerce/E-Business

Economics

Government Information

International Business

Marketing & Advertising

Meta Sites and Business Portals

News & Electronic Journals

Nonprofit Information

Pacific Northwest Business

Small Business/HomeOffice

 

 


Although many educators are familiar with Duke's Global Executive MBA Program (formerly called GEMBA), they are much less familiar with Duke's online Cross-Continent MBA Program.

You can read the following update at http://www.trinity.edu/rjensen/crossborder.htm 

Update:  Duke's Online Cross-Continent  MBA --- http://www.fuqua.duke.edu/admin/cc/cc_home.html 
While in Germany in the Summer of 2001, I had dinner with Tom Keller, former Dean of Duke's Fuqua School of Business and Dean of Duke's Cross-Continent MBA Program.  Tom spent two years in the Frankfurt headquarters of Duke's Cross-Continent MBA Program.  This program (now with Bob Ashton as its Dean stationed in Frankfurt) is quite different from the online Global Executive MBA Program, although both are asynchronous online programs and used some overlapping course materials.  

The Duke MBA - Cross Continent program allows high-potential managers to earn an internationally-focused MBA degree from Duke University in less than two years, utilizing a format that minimizes the disruption of careers and family life. It is designed for individuals with three to nine years professional work experience.

The Duke MBA - Cross Continent program will contain course work with a global emphasis in the subject areas of Management, Marketing, Operations, Economics, Finance, Accounting, Strategy and Decision Sciences.

Students will complete 11 core courses, four elective courses and one integrative capstone course to earn their MBA degree. Two courses will be completed during each of the eight terms of the program. Depending upon their choice of electives, students may choose to complete the one-week residency requirements for their sixth and seventh terms at either Fuqua School of Business location in North America or Europe.

The two classes - one on each continent - will be brought even closer together through a transfer requirement built into the program. During the third term, half of the class from Europe will attend the North American residential session and vice versa. In the fourth term, the other half of each class trades locations for one week of residential learning. After the transfer residencies, the students resume their coursework using the same Internet mediated learning methods as before, but with global virtual teams that have now met in a face-to-face setting

World-Class Resources 
When you're linked to Duke University's Fuqua School of Business, you're connected to a world of resources residing on a network with robust bandwidth capabilities. Duke MBA students have secure access to the Duke and Fuqua business library databases as well as a network of Duke faculty and outside experts.

World-Wide Content Delivery 
The virtual classroom can take on many different forms. Here, a faculty member prepares a macroeconomics lecture for distribution via CD ROM and/or the Internet. Students will download this lecture in a given week of study and follow up with discussion and team projects.

Bulletin Board Discussion 
Rich threads of conversation occur during this asynchronous mode of communication. Professors and guest lecturers can moderate the discussion to keep learning focused.

Real-Time Chat Session 
Occurs between students and classmates as well as faculty. Here, a student in Europe discusses an assignment with a professor in the United States
.


From InformationWeek Online on July 13, 2001

SmartForce Reports Increased Profit, Revenue

E-learning firm SmartForce LLC is pulling off a relative rarity: earnings reports that are solidly in the black. The training-content maker Thursday posted another quarter of strong revenue and increased profits that easily beat analyst estimates.

For the quarter ended June 30, SmartForce reported a net income, before acquisition-related charges, of $3.6 million, or 6 cents a share, on revenue of $66.1 million, compared with a net loss of $9.9 million, or 19 cents, on revenue of $36.4 million for the same period last year. The charges result from the April acquisition of E-learning company icGlobal.

"The company is a poster child of the sector--profitable, offering mature products, [and] winning large platform deals," says Dain Rauscher Wessels Inc. analyst George Sutton. Contributing to the record earnings were five new deals, each worth over $5 million, an increase in the average deal size to $172,000, and an array of new partnerships with, among others, Hewlett-Packard and Cisco. - Elisabeth Goodridge

Read on at SmartForce To Buy LMS Developer http://update.informationweek.com/cgi-bin4/flo?y=eEAA0BcUEY0V20PwJ0AN 

New Set Of ABCs For E-learning http://update.informationweek.com/cgi-bin4/flo?y=eEAA0BcUEY0V20DY30AI 

The SmartForce homepage is at http://www.smartforce.com/ 

For a listing of other e-Learning providers, go to http://www.trinity.edu/rjensen/000aaa/0000start.htm 


Antique Photographs
A message from John Dollair at Trinity University

Dr. J., 
As always, your contribution to interesting internet sites remains most excellent. Thanks for the link. Antique photography is my favorite ( http://www.uiowa.edu/~calvin/  ).

Here's one: http://lcweb2.loc.gov/detroit/  
"Touring Turn-of-the Century America". There you'll find photography of the Detroit Publishing Company. An alphabetical list and subject search yields a veritable treasure of imagery from 1880 to about 1920.

jd


FAS 133 Articles

A message from Todd Miller ( Miller, Todd [TMiller@iijournals.com] )

Over the course of this project a number of potential sponsors have asked me about "Successfully Coping with FAS 133"'s editorial environment. Thanks to the efforts of our editor, Hal Davis, I'm very pleased today to be able to share with you the Table of Contents with article abstracts.

We're particularly delighted to have the involvement of the FASB as well as editorial support from FAS 133 experts with leading professional services firms, independent FAS 133 consultants, academia and technology vendors.

As you review this information two things should become apparent: the high degree of usefulness "Successfully Coping with FAS 133" offers its readership, and the phenomenal marketing advantage sponsoring organizations enjoy by supporting the publication.

"Successfully Coping with FAS 133"

-- Table of Contents --

"The FASB's Objectives for New Accounting Guidance for Derivatives and Hedging" Rosemarie Sangiuolo, FASB Project Manager, and Melissa Probst, FASB Postgraduate Technical Assistant

This article will cover (1) reasons for the FASB's perceived need for new accounting guidance for derivatives and how the project to develop a new standard evolved; (2) the Board's objectives and how they were achieved in the final standard; and (3) the key aspects of Statement 133 (the definition of a derivative, recognition and measurement, and hedge accounting) and highlights of major changes to prior practice (with a view toward how those changes carry out the Board's mission.)

"The FASB's Statement 133 Implementation Efforts" Rosemarie Sangiuolo, FASB Project Manager

This article will discuss (1) the FASB's continued work in the area of derivatives and hedging resulting in the amendment of Statement 133 (Statement 138) and ongoing implementation efforts, (2) some specific examples of guidance that arose from the Derivatives Implementation Group process and some current open implementation issues, and (3) some perspectives on and impressions of early experiences related to companies' recent transition to Statement 133.

"The Impact of FAS 133 on the Risk Management Practices of End-Users of Derivatives" The Association of Financial Professionals (AFP) Research Department and Ira Kawaller, Kawaller & Company, LLC, Derivatives Implementation Group member and former Vice President and Director of the New York office of the Chicago Mercantile Exchange

This article is based on a survey of more than 200 corporations conducted by AFP and Kawaller to gauge the degree by which FAS 133 has altered or may alter the behavior of corporate end-users of derivatives. It includes a detailed discussion of changes in exposure management, hedging, and hedge-effectiveness testing practices.

"Early Lessons Learned from Statement 133" Rob Royall, Partner and Greg Faucette, Senior Manager, Professional Practice Group, Ernst & Young

The vast majority of companies, both public and private, were required to adopt Statement 133 on January 1, 2001. Based on a survey of E&Y's field audit engagement teams and regional subject matter specialists, the authors have compiled a list of common mistakes and challenges faced by companies in adopting Statement 133. This article will serve as a "checklist" with related discussion for companies to use in evaluating potential risk areas in their own implementation efforts.

"Central Treasury Challenges and The Path to Central Treasury Success" Ernst & Young

This article discusses the key issues and FAS 133 requirements impacting the use central treasury centers and how innovative corporations are addressing these issues. The article first provides an overview of the types of transactions and functions of a central treasury center and why the FAS 133 rules, largely covered by FAS 138, make continuing these activities/functions more complex. The article then discusses innovative approaches that can be used by multinationals to continue hedging. These include revised strategy approaches, creative use of technology (such as the development of hedge matching applications), and other steps, such as leveraging treasury centers to facilitate necessary firm-wide FAS 133 education and knowledge.

"Systems Aspects of FAS 133 Implementation" Omer Ehtishham, FASB Specialist, Integra-T Treasury Solutions

"Suggested Approach for Internal Corporate Training for FAS 133" Walter Teets, Professor of Accounting, Gonzaga University School of Business Administration, Spokane, WA

Article will include case studies illustrating the key aspects of FAS 133 that corporate staff members must learn.

"Expected Impact on Earnings of Derivatives Qualifying for Hedge Accounting" Andrew Kalotay, Ph.D. and Leslie Abreo, Andrew Kalotay Associates, Inc.

Under FAS 133, derivatives must be marked to market and the quarterly changes in value passed to earnings. To mitigate the resulting earnings volatility in the case of legitimate hedges, the change in value of the hedged item may also be passed to earnings, provided that the hedge is shown to be "highly effective." Establishing whether or not a hedge is effective depends on both the testing procedure and the acceptance threshold. Ideally, a hedge should be deemed highly effective only if it actually achieves the intended reduction of business risk.

A lenient acceptance criterion can result in "winning the battle but losing the war" in the sense that it may not achieve the desired reduction of earnings volatility. In this article, we estimate the expected impact on earnings of selected interest rate hedges. We generate a large number of yield curve scenarios by Monte Carlo simulation, and under each scenario determine the implied future values of the hedged item and the hedging derivative. These values provide a distribution of simulated net effects on earnings. From this distribution, we summarize the results in terms of standard statistical measures such as expected value and volatility. We also compute probabilistic estimates of the most undesirable outcomes, such as the expected value of the worst 5% of the distribution.

We demonstrate that while passing the widely used regression-based hedge effectiveness test can be relatively easy, the hedge may fail to provide protection against earnings volatility. In contrast, if a derivative passes a test based on accepted risk management principles such as volatility reduction, it will also achieve the desired reduction of earnings volatility.

"Contributions of the Special Task Force: Derivatives Implementation Group (DIG)" Deidre Schiela, Partner and Bob Bhave, Director, PricewaterhouseCoopers LLP

Overview of the Special Task Force

-- Why was the DIG formed? -- DIG's composition and working structure -- The Group's contributions -- The DIG's role in identifying the need for, and assisting in the development of, the FAS 138 amendment -- Reactions from constituents -- Current status of the Task Force

Illustrative issues resolved by the DIG

-- Hedge effectiveness related issues such as:

E7 - Methodologies to assess effectiveness of fair value and cash flow hedges E9 - Is changing the method of assessing effectiveness through dedesignation of one hedging relationship and the designation of a new one a change in accounting principle?

G7 - Measuring the ineffectiveness of a cash flow hedge under paragraph 30(b) when the shortcut method is not applied G9 - Assuming no ineffectiveness when critical terms of the hedging instrument and the hedged transaction match in a cash flow hedge

G20 - Assessing and measuring the effectiveness of an option used in a cash flow hedge

Issues related to hedging a net investment in a foreign operation such as:

H6 - Accounting for a premium or discount on a forward contract used as the hedging instrument in a net investment hedge

H7 - Frequency of designation of hedged net investment H8 - Measuring the amount of ineffectiveness in a net investment hedge H9 - Hedging a net investment with a compound derivative that incorporates exposure to multiple risks H10 - Hedging net investment with the combination of a derivative and a cash instrument H11 - Designation of a foreign-currency-denominated debt instrument as both the hedging instrument in a net investment hedge and the hedged item in a fair value hedge

Transition provisions for DIG issues

K5 - Transition provisions for applying the guidance in Statement 133 implementation issues

"Use of Regression in Assessing Hedge Effectiveness" Rob Royall, Partner, Professional Practice Group, Ernst & Young.

FASB interpretations of Statement 133 allow the use of a "regression or other statistical analysis" in determining the effectiveness of a hedge on both a prospective and retrospective basis. This article will provide a "refresher" on the statistical theories employed in regression analysis and then apply those theories in the context of assessing effectiveness under Statement 133. It also will include a checklist of key considerations in determining if a regression analysis should be considered a valid predictor of the future success of a hedge.

"Corporate Hedging of Interest-Rate and Cross-Currency Exposures under FAS 138" David Kwun, Executive Director, Head of Corporate/Latam Derivatives Marketing, Global Financial Markets, Americas, Westdeutsche Landesbank

Prior to the release of FAS 138, most U.S. corporations found it difficult to hedge real interest-rate and cross-currency exposures under the existing FAS 133 guidelines. Corporate treasurers found themselves not hedging real economic exposures due to the new accounting regulations in FAS 133. After much deliberation with the Derivatives Implementation Group, a task force created in 1998 to assist FASB in answering questions raised by corporations and banks, FASB released Statement No. 138, "Accounting for Certain Derivative Instruments and Certain Hedging Activities." This article will explain how this amendment has been used by corporate treasurers, including specific examples of hedging the benchmark interest rate and hedging recognized foreign-currency-denominated assets and liabilities.

"Challenges and Solutions Related to Hedging Commodity Risks" Ernst & Young

This article details some of the key challenges faced by firms attempting to manage commodity risk. The challenges discussed include risks related to purchases or sales of physical commodities, risks associated with basis risk, difficulties with valuation and effectiveness measurement, and the inability to hedge "ingredients" directly. The impact of DIG issue C-10, as well as other recent changes from the DIG process before it was terminated are included in the discussion of challenges. The article then provides ideas on how the key challenges associated with hedging commodity risks can be overcome. This includes innovative approaches related to contract language, valuation, effectiveness measurement, and hedging strategy development.

"Option Hedging After G20" Jeffrey Wallace, Managing Partner, Greenwich Treasury Advisors

The recently ratified G20 allows option hedging to be perfectly effective, eliminating the need to recognize changes in time value in the P&L. The article discusses the active hedging techniques that work under G20 and provides examples of option hedging practices drawn from a foreign exchange exposure management benchmarking project Greenwich Treasury Advisors did between 1998 and 2001 with 68 multinationals.

"How to Replicate Swaps and Still Receive FAS 133 Treatment" Rob Powell, First Vice President, R.J. O'Brien & Associates

Using Eurodollar futures, the asset-liability manager can reduce the cost of swaps and amortizing swaps via an exchange-traded product. Savings can run at least $100,000 for a five-year, $100 million swap and be higher for an amortizing swap.

"Hedging Mortgage Risk Under FAS 133" Martin Kelly, Senior Vice President, Lehman Brothers

Bob Jensen's documents, cases, and glossaries on FAS 133, FAS 138, and IAS 39 are linked at http://www.trinity.edu/rjensen/caseans/000index.htm 


Are there topics in life that you would like to discuss with or read about amidst over 700,000 online communities.  An index of these communities is provided at ezboard at http://www.ezboard.com/ 

[ezboard is the] leading online community service on the Net, consisting of over 700,000 communities and over 5 MILLION registered users!

Bob Jensen's other search helpers are at http://www.trinity.edu/rjensen/searchh.htm 


Listen to Grammy winner Hilary Hahn play classical music on the violin (by clicking on the Music button) --- http://www.hilaryhahn.com/ 


Robots are fine for diffusing bombs and exploring the surface of Mars. But they're not so good at really important things such as making small talk, sipping wine, and flirting. Enter the Tele-Actor, who debuts at the Webby Awards --- http://www.wired.com/news/culture/0,1284,45137,00.html 

The performance explores two major challenges facing robot scientists: interface – that is, how do you get a hunk of metal and wires to do what you want -- and collaborative control, which is putting hundreds of people rather than one single person in command of one object’s behavior.

Traditionally we use robots to go places and do things that humans cannot, such as photograph Mars’ surface or defuse bombs. So why send in a human to do a robot’s job? Interface, of course.

"The problem with robots – and I’ve been working with them for 15 years – is they’re not very reliable," explains Ken Goldberg, the professor of engineering at the University of California at Berkeley who’s directing the project. (Goldberg is also the husband of Webby Awards founder, Tiffany Shlain.) Among the things that a robot cannot yet do are make small talk, sip wine, and flirt.

In many ways, by using a person, Tele-Actor leapfrogs over current limitations of robot technology. Dinesh Pai, a professor of computer science at the University of British Columbia who specializes in robotic research, predicts that we’re a good 10 years away from a robot able to obey ambiguous commands and behave more like a human.

"We take a lot of what humans do for granted – extremely simple things like picking up an object. A 2-year-old can do that. Telling a robot to do that is very hard," he said.

Judith Donath, director of MIT’s Sociable Media Research group, is more fascinated by the social aspects of the project. She conducted two similar Tele-Actor projects at MIT that used live video feed, rather than still images.

"On the Web, people are so shielded that they don’t have any sense of responsibility whatsoever. So you have this human being who’s being directed by this anonymous, faceless group," she explains. "It did very quickly go into trying to get the actor to do something absurd," Donath recalls, including stealing and eating the dinner of a distinguished guest and leading the audience in a sing-a-long.

Although the Tele-Actor on hand at the Webby Awards will be for entertainment purposes only, collaborators on the project foresee many practical applications for their work.

"The primary application is education. You could send a whole group of students to visit a volcano, or a Chinese village," predicts Goldberg.

"You could send one Tele-Actor journalist into a war zone and the audience is literally directing the reporter to go over there and take a shot," says UC Berkeley engineering department writer-in-residence David Pescovitz.

And at the Webbys? The audience could yank a sparkling award out of a winner’s hand, guzzle down a couple cocktails, before launching into an off-key rendition of "Take Me Out to the Ball Game." When robot and human worlds collide, strange things can and do happen.

See also:
Best of the Webbys Speeches
Webbys: Hugs, Kisses, and Glam
Webbys Spotlight Net Worthies
Tinker around with Gadgets and Gizmos
DJ Robot Turns the Tables


From Cornell University:  From Domesticity to Modernity: What Was Home Economics? ---- http://rmc.library.cornell.edu/homeEc/ 

At the turn of the 20th century, home economics was a critical pathway into higher education for American women, largely associated with co-educational land grant institutions such as Cornell. From its inception, collegiate home economics was multidisciplinary and integrative with an emphasis on science applied to the real world of the home, families and communities.

In the early decades of the 20th century, home economists had links to the revitalization of agriculture and rural communities, but also to Progressive Era programs in cities. By the 1920s, home economists at Cornell were best known for research in human nutrition and child development, but their work in fields such as fiber science, design and consumer economics made them central to the growth of the consumer economy as well. Throughout the first half of the twentieth century, collegiate programs prepared thousands of women for public school teaching but many also had careers in the extension service, state and federal governments, industry, hospitals, restaurants and hotels. But by the late 1950s and the early 1960s, broad changes in American women's economics and social roles made collegiate education in home economics seem "old fashioned," an image that did not do justice to its rich history.

In celebration of the New York State College of Human Ecology's Centennial, this exhibition will emphasize how home economics at Cornell University, served as a critical bridge from domesticity in the 19th century to modernity in the 20th century and will attempt to answer the question: What was home economics?


Big Brother is Watching You

"The Extent of Systematic Monitoring of Employee E-mail and Internet Use," by Andrew Schulman, Chief Researcher Workplace Surveillance Project Privacy Foundation July 2001 --- http://www.sonic.net/~undoc/extent.htm 

Table of Contents

Introduction 
     Table: Number of workers under continuous online surveillance 
Surveillance vs. Spot Checks 
Growing Business 
     Table: Some major customers of employee-monitoring companies Monitoring Grows Despite Slowdown General Methodology 
     Table: Employees monitored worldwide by individual software products 
     Table: Internet vs. e-mail monitoring 
The Online Workforce Comparison with Previous Studies 
Vendor Response 
Conclusion 

The systematic monitoring of Internet and e-mail communications in the workplace is a relatively new phenomenon, with reverberations yet to come in labor law and human resources, as well as employee behavior and morale. Monitoring an entire workplace in order to catch slackers, deter inappropriate Web surfing, or perhaps to ferret out criminal behavior, may strike some employers as judicious. But it may also inject an air of suspicion and hostility into the workplace. Furthermore, the monitoring of an entire workplace to protect the organization from liability for "hostile environment" lawsuits may be creating its own peril for employers. By tracking and storing a detailed audit trail of employee activities, organizations may by inadvertently stockpiling large amounts of potential evidence that could be used against them in future litigation. This is particularly significant in government offices, where logs and reports produced by employee monitoring may be considered public records and accessible under Freedom of Information Act requests.

A key question implied, but not addressed, by this research report is whether employers are giving employees sufficient notice of continuous Internet and e-mail monitoring. Because companies can use (or be seen as using) employee-monitoring logs as a kind of "wishing well" to justify actions against employees, including dismissals and layoffs, employers would be well advised to disclose to employees what is being monitored and why. Employees, meanwhile, should make it their business to learn which monitoring systems are in place, and what the capabilities are.

While employers may fear that putting such knowledge in the hands of employees may allow employees to circumvent these systems, the practice of keeping employees uninformed about the details of monitoring may be tantamount to entrapment. Telling employees exactly what monitoring system is in place, and letting them see what the system's capabilities are, is likely to have more of a deterrent effect than a vague reference by an employer who "may monitor your activities for enforcement purposes."

Notice of monitoring in the form of a boilerplate paragraph in the employee handbook is inadequate. A "splashscreen" warning each time an employee starts the computer is an absolute minimum for adequate notice of ongoing continuous monitoring of online activities.

Notice, however detailed, may not be enough. As with the debates regarding information kept on private citizens in commercial and government databanks, there should also be access. Employees should be able to see, review and append comments to the logs and reports that have been kept by employers on their e-mail and Internet activities.

One of the main lessons from this study is that today, more than any other factor, inexpensive technology is driving the growth of employee monitoring. It's cheap and easy to record and store more and more office activities that once were ephemeral. Shoshana Zuboff's fascinating early look at employee monitoring, In the Age of the Smart Machine: The Future of Work and Power (Basic Books, 1988) refers to this as the "textualization of work," which means that increasingly, employees' activities end up being recorded in files.

An important area for future study will be whether technological "convergence," such as Internet telephony and digital video, fosters the same type of widespread monitoring of phone conversations, voice mail and visible activities that is apparent today for Internet and e-mail use.

Appendix A: Notes on Extrapolated Figures 
Appendix 
B: Internet Monitoring Appendix 
C: E-mail Monitoring



Hi Jennie,

I will add your message to the listing at http://www.trinity.edu/rjensen/bookbob1.htm  and http://www.trinity.edu/rjensen/bookbob4.htm  and in the forthcoming edition of New Bookmarks.

Thanks,

Bob Jensen

-----Original Message----- 
From: Jennie Enholm [mailto:jennie@s4r.com]  
Sent: Monday, July 16, 2001 11:40 AM 
To: rjensen@trinity.edu Subject: July 13 bookmarks

Dr. Jensen

In your internet access directory you have listed e-Access providers - none of these providers offer managed services...i.e. a place to safely house your servers and storage with both physical and internet security provided in addition to system administration services and storage and backup services. If you ever add these to your listing please consider including us, S4R ( www.s4r.com  - we provide these services at the best prices around and give the best service!

Thank you.

Jennie Enholm | S4R (760)804-8004 x113

 


History and Scandal:  FBI Files of Famous Persons --- http://foia.fbi.gov/spies.htm 


Kicking off the Flashforward 2001 conference in New York Wednesday, Macromedia executives waxed enthusiastic about the technology's present and future --- http://cgi.zdnet.com/slink?117544:2700840 


Hackers, wannabes, undercover police, and consultants converge on Defcon -- the "annual underground party for hackers." But some find the party a bit too bureaucratic for their tastes --- http://www.wired.com/news/culture/0,1284,45248,00.html 

Conference organizers call it the "annual computer underground party for hackers," and Defcon is known as much for its technical content as its beer-tinged hijinks. Pranks like smoke bombs in hotel pools, portions of telephone trucks mysteriously appearing in the convention hall, and concrete dumped in toilets have earned Defcon a reputation as a kind of annual hacker bacchanalia.

See also:
Hackers in Suits? Gadzooks!
Defcon: The Hacker's Baccanalia
Discover more Net Culture


"Touchy-Feely Computing A NEW MOUSE PICKS UP GOOD VIBRATIONS," by Steve Ditlea. Scientific American --- http://www.scientificamerican.com/2001/0801issue/0801technicality.html 

The first tactile devices to hit the market were designed for medical training. Doctors-to-be use the instruments to virtually feel the right way to perform a catheterization or a spinal injection. Engineers and architects employ similar devices for computer-assisted design, allowing them to "touch" the contours of their three-dimensional models. And for a few years now, computer gamers have been playing with force-feedback joysticks that can simulate a machine gun's recoil or the stresses on an airplane's controls. But no touch-feedback device for general-purpose computing was available until the introduction of the iFeel mouse last year.

The iFeel looks like an ordinary mouse (albeit one attractively finished in iridescent teal blue). And its retail price is modest--only $10 more than a comparable mouse without touch feedback. There are two models available: a simple symmetrical design that sells for $39 and a $59 premium version that has a contoured shape intended to fit the hand more comfortably. Both are optical devices that detect movement with reflected light rather than with a less precise trackball.

At the pulsating heart of the new mouse is technology licensed from Immersion Corporation, which pioneered the development of touch-feedback systems in the 1990s. Louis Rosenberg, the company's chairman, says the key hardware component is a 25-gram motor that can move up and down, imparting about 150 grams of force against the user's hand. The mouse can also vibrate up to 300 times a second, enabling the device to reproduce a wide range of sensations. For example, Immersion's special-effects software library allows Web site developers to enhance pages with simulated textures such as corduroy or sandpaper. When the iFeel user drags the cursor across such a page, the mouse rapidly jiggles up and down, as if it were traveling over a rough surface.

Trying out the iFeel mouse for the first time can be disconcerting. The installation is straightforward: just plug this USB device into an appropriate computer port and load the driver software from a CD-ROM. (Mac users are out of luck; so far the mouse works only with Windows.) Once connected, the iFeel fundamentally alters one's perception of Windows' familiar screens. If you slide the cursor across one of the desktop program icons, the mouse shakes like dice in a cup. If you glide the mouse over the selections in a menu bar, it feels like a set of chattering false teeth. Push the iFeel back and forth over the options in a pull-down menu, and it hums like an electric shaver. The mouse also shakes up Web pages (iFeel works with either Explorer or Netscape, but Explorer must be installed on the computer even if you use only Netscape). The most noticeable sensation is the bump that occurs when the cursor crosses a hot link or menu choice. For anyone accustomed to an inert mouse, such physical cues may be distracting. Because people have different thresholds for sensing force, Immersion's software developers have provided access to an onscreen control for adjusting the strength of the feedback. Another control allows you to choose a different set of sensations. In addition to the default setting (which simulates the feeling of tapping a wooden surface), the iFeel offers six other options: crisp, metallic, spongy, rubbery, steel drum and sonic vibe.

The Five Senses of the Future:  Threads on the Networking of the Five Senses (Sight, Sound, Smell, Touch, and Taste) --- http://www.trinity.edu/rjensen/senses.htm  

Touchy-Feely Art History 

Art Nouveay and the Erotic --- free from the Fathom knowledge portal --- http://www.fathom.com/index.jhtml?pageName=/story/story.jhtml?story_id=122091&trail_id=3479&storyRestrictedArea=no 
(Courtesy of The Victoria and Alfred Museum)

Art Nouveau (1890-1914) appeared during a period of radical change in Europe, as growing urbanization and political unrest forced a transformation of individual consciousness and collective society. Drawing on history, nature, symbolism and craft movements from around the world, Art Nouveau design found its expression in domestic objects, and thus brought its ideologies into the most intimate corners of human life. As Ghislaine Wood of The Victoria and Albert Museum explains below, much of this ideology was overtly erotic.

Fernand Khnopff, Istar. Austrian, 1888.  T he erotic nature of many Art Nouveau works is one of the most prevalent features of the style. Nowhere is it more abundantly seen than in small-scale sculptural or decorative arts objects such as ink-wells, carafes, centrepieces, candelabra, lamps and figurines -- the kind of objects that were disseminated widely and could be brought into any middle-class household. The eroticism of these objects is made all the more complex by their utility and domesticity. They often demand physical engagement: furniture or carafes where the handles are naked women that must be grasped; vessels that metamorphosize into women inviting touch; lamps that provocatively pose women in suggestive positions. These erotically charged objects, unlike most sculpture, demand contact.

The theme of objects fulfilling a sexual need was not a new one, although it found particular resonance in the fin de siècle. In Leopold von Sacher-Masoch's novel Venus in Furs, Severin describes his lust for an inanimate sculpture of Venus: 'I love her madly, passionately with a feverish intensity, as one can only love a woman who responds to one with a petrified smile... Often at night I pay a visit to my cold, cruel beloved; clasping her knees, I press my face against her cold pedestal and worship her'. The de Goncourt brothers wrote of the erotic fascination of their Rococo objects, developing an overtly sexual and torturous relationship with them: Jules recorded his dreams of 'raping a delicate young woman who resembled one of his rococo porcelain figurines. Edmond wrote of caressing his Clodion statuette as if her stomach and neck had the touch of real skin'. The fetishistic concentration on the erotic potential of the object is implicit in much Art Nouveau.

For the rest of the document, go to ---
http://www.fathom.com/index.jhtml?pageName=/story/story.jhtml?story_id=122091&trail_id=3479&storyRestrictedArea=no 

 


New domain names are on the way, but be careful when registering your new name--ICANN's UDRP may not let you keep it, warns Ari Kaplan. --- http://cgi.zdnet.com/slink?117545:2700840 


What's Your Story (Put your story on the Internet and/or read the submissions of others) --- http://www.eatthesewords.com/templates/tell_friends.asp 

You can contribute to an open source novel in the Exit Strategy at http://www.yil.com/exitstrategy/ 

Exit Strategy is an open source novel. The story I (Douglas Rushkoff)  wrote is merely the starting place for what I hope will be a lively interaction between all of us. The premise is that the central manuscript was written in the very near future, then hidden online and discovered 200 years later. Because society has changed so much, an anthropologist has annotated the text for his 23rd-century contemporaries. They are no longer familiar with notions such as venture capital or advertising, much less Microsoft or Nasdaq. The 23rd-century reader even needs a footnote explaining what condoms were used for.

These footnotes are a way for us to conceptualize a future that has moved beyond our current obsessions. Instead of describing that future explicitly, though, we will suggest what it will be like by showing what facts and ideas future readers won’t understand. I've written a hundred-odd footnotes to get us started re-imagining the present from the perspective of the future. It’s up to you to fill in the rest.

Or put it in the newspaper via the Urbana/Champaign Independent Media Center --- http://urbana.indymedia.org/active/news/ 
(This site (in text, audio, video, and pictures) seems to be against big corporations and their controls over the public media.)

The Independent Media Center is a network of collectively run media outlets for the creation of radical, objective, and passionate tellings of the truth. We work out of a love and inspiration for people who continue to work for a better world, despite corporate media's distortions and unwillingness to cover the efforts to free humanity.

The IMC movement started with coverage of the N30 WTO protests in Seattle. Since then we have setup IMC's in Boston to cover Bio Devastation 2000, the A16 IMF / World Bank protests in DC, and the MayDay2000 Global Day of Action, Resistance & Carnival Against Capitalism. This summer there will be IMC's at both the US Political conventions in LA and Philly. There is talk about having an IMC at the Prague 2000 protests in September, around UNAM protests in Mexico City, Quebec City in April 2000, and many other upcoming events. We are working on putting up more documents about how you can start your own IMC in the near future.

 


"Chasing the Sun" is based on the book Turbulent Skies: The History of Commercial Aviation by T. A. Heppenheimer --- http://www.pbs.org/kcet/chasingthesun/ 


Convert avi files to mpeg video files

Matrox --- http://www.matrox.com/videoweb/support/rt2500/database/faq/answers/rt2500_answer_42.html 


DVD Ripping Guide for extracting clips from DVD video --- http://www.riphelp.com/articles/dvdripping.html 
Smartripper download --- http://www.riphelp.com/downloads/smart-ripper.html 


From Australia:  Our Narion's Library (Including Photographs) --- http://www.nla.gov.au/history/frameset-birth.html 

In 1901 a Commonwealth Parliamentary Library was established to serve the newly formed Federal Parliament of Australia. In time, this Library would evolve into the Commonwealth Parliamentary Library and the National Library of Australia, but the drive to collect and document the Australian identity was there from the beginning.


Hi Amy,

The advantage of Camtasia lies in screen capture rate (ten times greater) at the expense of  creating  very large avi files.  However, as Jim Borden points out, it is possible to choose a compression option that reduces file sizes and requires installation of reader software by users or computing center technicians.

Lotus Screencam files were more compressed. But Lotus Screencam and other software providing compressed video require special reader software that is generally a pain to install on campus computers and on machines of off-campus users.  At my university, it is very difficult to persuade the computing center to install special reader software on campus machines unless such a request is placed in June prior to the next academic year.

Users hate to install readers/players even if they are free, because repeated installations of specialized reader programs clutter up the computer  The advantage of wav, mov, and mpeg files is that software usually available on new computers will play these files without having to install reader software.  

If you have any avi files created under any software, such as Camtasia or SnagIt, it is possible to convert avi files to greatly reduced-size animated GIF files --- see http://www.simtel.net/pub/pd/18951.shtml  
I must confess that I have not tried using this approach.  You lose the audio if your avi files had audio, but you can greatly reduce file sizes.

It is also possible to convert avi files to mpeg files (which will retain audio along with the video at significantly reduced file size) --- http://www.itzalist.com/com/convert-avi-mpeg.html 
Also see the Nero 5.5 software ($69) described at http://www.ahead.de/nero55.htm 

Microsoft had capture software that came with MS Office 97 called Microsoft Camcorder.  See http://support.microsoft.com/support/kb/articles/Q159/5/61.asp 
MS Camcorder is not bundled with later versions of MS Office, but the Office 97 version does create files that will run in Office 2000 without having to install a special reader.  I can run the animations that I created with the Office 97 version when using Office 2000 in Windows NT or Windows 2000.  However, Microsoft never upgraded the capture software for Windows NT or Windows 2000.  Sadly, neither Lotus Screencam nor Microsoft Camcorder are viable capture options under Windows NT or Windows 2000.

Bob Jensen

-----Original Message----- 
From: Amy Dunbar [mailto:ADunbar@SBA.UCONN.EDU]  
Sent: Friday, July 13, 2001 10:34 AM 
To: AECM@LISTSERV.LOYOLA.EDU 
Subject: Re: Lotus ScreenCam & DemoShield

I use SnagIt, also by TechSmith, to capture screen and voice. Jim, what is the advantage of Camtasia overSnagIt? The avi files created by SnagIt are huge. Does Camtasia create a more compressed file?

Amy Dunbar 
UConn

-----Original Message----- 
From: James Borden 
To: AECM@LISTSERV.LOYOLA.EDU 
Sent: 7/13/01 10:37 AM Subject: Re: Lotus ScreenCam & DemoShield

Jim,

I have used Camtasia Recorder by TechSmith for doing what you require. It is available as a trial download at http://www.techsmith.com/ . If you decide to purchase it, it is only $15. I have found the program to be extremely useful.

Jim Borden Villanova University

Reply from Jim McKinney

I tried saving my.avi file as a .mpg but my text appears fuzzy when run in full screen mode. I was using a camtasia file that I guess was already compressed to 218K. The mpeg version created by ULEAD was over 4MB. I did not try MPEG-2 or DIV-X. I think these are all lousy  compression schemes that work well with pictures but not for text and vector based drawings. I tried to run the .avi to GIF routine which is a demo program. It said the file was too big. Has anybody gotten that too work?

Jim McKinney [jim@MCKINNEYCPA.COM

Reply from Steven Adams

I have recently acquired real presenter PLUS. It sells for $200 and uses real player which most students already have. It is very simple to use. The advantage of the "plus" vs. the free version of real presenter is that if you are doing a web presentation, the plus version will follow your web steps and record them automatically. This has proved very useful in my classes. Real presenter also can be accessed directly through powerpoint after installation. Another advantage is that if you want to rerecord a powerpoint slide at a later time it is easy to do.

You can find out more about this at: http://www.realnetworks.com/products/presenterplus 

Adams, Steven [SJADAMS@CSUCHICO.EDU

 

 


Home Decorating, Room Design, and Color --- http://www.christopherlowellpaint.com/ 


Taxing authorities in the Los Angeles area may have gone too far with their attempts to tax that which is not on this planet... http://www.accountingweb.com/item/52488 


The Royal College of Art's Helen Hamlyn Research Centre --- http://www.hhrc.rca.ac.uk/ 

The Centre explores the design implications of four key social and demographic trends, and responds by presenting relevant design concepts and practical applications. The Centre's aim is to influence key decision-makers in government, business, industry, design and education in order to effect change in the real world.

Ageing Populations
By the year 2020, close to 50% of Europe's adult population will be aged 50 or over. This statistic reveals one of the most profound social changes of our time.

Changing Patterns of Work
The 40/40 contract (40 hours a week for 40 years) is breaking down in society. Business change is ending the idea of jobs for life. Technological change is taking work out of the sealed architectural container of the office and back into the home, onto the street, into public spaces.

Mobility for All
New thinking is emerging around the possibilities of seamless integration of public and private, personal and communal forms of travel.

Innovation in Care and Rehabilitation
The field of care encompasses congenital and acquired disability with the design needs of younger disabled users identified as the most neglected in all product, equipment and service categories. 'Fully Equipped,' the March 2000 Audit Commission Report highlighted the negative effects of the poor design endemic to the disability aids and equipment sector.

 


From The Scout Report on February 13, 2001

The Chicago Manual of Style_ FAQ http://www.press.uchicago.edu/Misc/Chicago/cmosfaq.html 

Wondering where to break a URL at the end of line, whether the ban on splitting infinitives still stands, or how many spaces to put after a period? The answers are here. While certainly not a comprehensive guide and not organized in a particularly helpful way, _The Chicago Manual of Style_ (_CMS_) FAQ nonetheless answers some of the questions that commonly vex writers and editors. What's more, the page is a fun read, considerably lighter and wittier than the venerable _CMS_ at spots. If you don't find what you're looking for here, _CMS_ provides an email address for you to write and ask directly. Just be sure not to call the editors "sirs," or you will surely be corrected.


The Modern Word http://www.themodernword.com/themodword.cfm 

This site is devoted to 20th-century, experimental literature. It began in 1995 as The Libyrinth and was rededicated in May 2000 as The Modern Word (MW). Authors are selected for inclusion by MW's Literary Advisory Board and are primarily considered "postmodern" but are not limited to any specific literary school, circle, or movement. The site is organized into two main sections: The Rotunda and The Libyrinth. The Rotunda (the site's front page) holds a set of featured external links; summaries of new additions; a search engine; registration for MW's newsletter _Spiral-Bound_; and the Daily Muse, a literary quote, trivia question, or word that changes daily. The Libyrinth is the main body of The Modern Word and holds the extensive pages on James Joyce, Jorge Luis Borges, Gabriel Garcia Marquez, Umberto Eco, Samuel Beckett, and Thomas Pynchon. Another component of The Libyrinth is the Scriptorium, an index of essays on many additional, related authors such as Kobo Abe, Anthony Burgess, Stanislaw Lem, H.P. Lovecraft, and Mervyn Peake. Although the focus here is narrowly and idiosyncratically defined, the MW's product is high quality.


AllTheWeb.com http://www.alltheweb.com/ 

AllTheWeb has had a face lift and added several new features. Now when users perform a search using any of the five major search options (Web pages, Pictures, Videos, MP3 files, or FTP files), a sidebar shows helpful results in other categories. So, for example, a search for "Internet Scout" in the pictures index brought up our staff picture, but also offered a listing of Websites such as our front page and our Weblog. Users can also now limit their searches in a variety of ways directly from the search box, which offers a handy pull-down menu to limit by language. The help page explains the various search options, including searching for words in the title or domain name, searching pages on a specific site, searching for pages with a link to a specific site, and more. AllTheWeb has always been this scout's favorite workhorse search engine because it's big and fast. It's nice to see more functionality as well.

 


Arrested at Defcon Russian Adobe Hacker Busted A Russian programmer who wrote a program that bypasses encrypted Adobe Acrobat files is arrested by FBI agents after giving a speech --- http://www.wired.com/news/politics/0,1283,45298,00.html 

Organized crime rings in Russia and the rest of the former Soviet Union are increasingly hacking into U.S. e-commerce and banking Web sites, posing an enormous economic threat --- http://www.zdnet.com/zdnn/stories/news/0,4586,2784950,00.html 


A collection of tools, news and software for the Pocket PC that has all been created with Macromedia Flash. With Macromedia Flash and Generator, developers can create content and applications once and use for multiple platforms and devices. Unlike other platforms and application languages, the files here (Macromedia Flash) not only run on the Pocket PC but also run on Mac, PC and UNIX systems, watches and robots- on a wide variety of processors; Pentium, PowerPC, MIPS, ARM, SH3 and more --- http://www.flashenabled.com/ 


I saw something on television this week.  From a piece of whale meat purchased in Japan, researchers could identify the name of the whale (I mean this particular whale) and, as a result, the fact that this was an illegal piece of supermarket flesh.  Identification was possible by testing the DNA.

Wiretapping is illegal, but tapping into your DNA is not. At a New Democrat Network retreat, biotech executives ask members of Congress what they plan to do about that --- http://www.wired.com/news/medtech/0,1286,45256,00.html 

"I see two opposing forces colliding: an enormous wave of science and legitimate issues about privacy and protection," said Susan Hellman, Genentech's (DNA) executive vice president and chief medical officer of.

"The system seems to be buckling under the weight of these issues," said David Singer, chairman and CEO of GeneSoft, a drug-discovery company.

The public's lack of education, as well as misinformation from publications eager for dramatic stories of Gattaca-style scenarios, is fueling a large-scale misunderstanding of how much power genes really have, and how much power scientists have to manipulate them, the panelists said.

The jury is still out on how predictive genes really are, and how much influence the environment has on our health and behavior.

And researchers don't have all that much power to manipulate genes, according to Stephen Fodor, chairman and CEO of Affymetrix (AFFX), the leading maker of biochips (computer chips that can read DNA).

While 90 percent of the human genome is now publicly available online from GenBank, he said, we still have little knowledge of the function of the genome.

He cited examples of how hype over the science leads to invasions of privacy and to misinformation.

See also:
Genetic Testing Case Settled
The Debate Over Tell-Tale Genes
Why Is Your DNA Their Secret?
Divorce is Written in DNA 


The Champion Tree Project (to help our environment) --- http://www.championtrees.org/ 


On my home page - I have a beginning tutorial on basic journal entries - the Flash plugin is required to see the accounting movies. The mnemonic I use - AID - LIC is Assets Increase by debits, etc.

www.VirtualPublishing.NET 

Richard J. Campbell www.VirtualPublishing.NET  
mailto:campbell@VirtualPublishing.NET 


Controlling MP3 music distribution is tantamount to ridding the world of cockroaches.  You may plug a crack (like Napster) here and there, but music recording pests just keep on breeding.  

"The Beat Goes On: Services Improve on Dying Napster," by Thomas E. Weber,  The Wall Street Journal, July 16, 2001, Page B1 --- http://interactive.wsj.com/archive/retrieve.cgi?id=SB995237764997914197.djm&template=pasted-2001-07-16.tmpl 

Of all the file-sharing services out there, two are emerging as especially potent Napster alternatives: KaZaA, from a team based in Amsterdam, and Audiogalaxy, based in Austin, Texas. The software needed to join these networks has been downloaded to millions of PCs world-wide, and their offerings are bountiful.

The growth of these alternatives proves something most Web-music fans have known all along. Stopping Napster won't end file sharing on the Internet. They also show how online music systems can evolve, surpassing Napster's pioneering network to offer simpler interfaces and nifty new features. Apart from the admittedly huge question of paying for copyrighted material, will big record companies ever understand consumers' desires as well as these upstarts?

"Everything is so new -- you really have to experiment," says Niklas Zennstrom, the 35-year-old Swede who heads FastTrack, the parent company of the KaZaA network. Mr. Zennstrom wanted to make searches blazingly fast and downloads as painless as possible. So his team set out to build a more efficient way for users to share files.

ON THE NAPSTER network, users connect to each other to transfer files. But because Napster relies on a central directory to coordinate things, it isn't considered a true "peer-to-peer" network. That central directory can be costly to run, and if it is shut down, the service can't work. Its rival, Gnutella, established pure peer-to-peer connections but can be easily overwhelmed when too many users connect.

FastTrack came up with something called supernodes, in which some "peers" on the network are more equal than others. Instead of one centralized directory, the KaZaA network can have thousands. That design speeds searches and coordinates downloads. If you want to give it a try, you can find the KaZaA software at www.kazaa.com .

Though the KaZaA network has become immensely popular, Mr. Zennstrom doesn't want to become the next Napster. Instead, he created KaZaA to show that the technology works. He hopes his FastTrack start-up will clean up by selling peer-to-peer software to anyone who needs it -- companies that want to create knowledge-management systems, for example, or even rival file-sharing networks. Already FastTrack has licensed its system to MusicCity, which operates the popular Morpheus file-sharing network.

At Audiogalaxy, the designers sought to make file-sharing a friendlier, simpler experience and eliminate vexing error messages at the same time. "Our system will make sure you get your file," says Audiogalaxy CEO Michael Merhej. "We have to earn the consumer's trust, show them they will get what they want."

AUDIOGALAXY LOOKS different from square one. Visit the service at www.audiogalaxy.com  and you'll find that you can search for a song directly from the Web page. That's because Audiogalaxy abandoned the all-in-one approach familiar to Napster users. With Napster, users conduct searches and organize their music files from within the service's software. Audiogalaxy users install a special "satellite" program that acts as a communicator between the PC and the network, but they perform most other activities on Web pages on the service's site.

That can be jarring to those accustomed to the Napster system, but overall it's a very user-friendly system. Because it's Web-driven, searching for music on Audiogalaxy isn't much different than looking for information on Google or other search engines. And unlike Napster, which requires users to select the connection speed and the "bit rate" for the music files they want, Audiogalaxy will pick the best match automatically.

For Bob Jensen's threads on P2P technologies, go to http://www.trinity.edu/rjensen/napster.htm 


Out of the Cube (which I guess means out of the box) --- http://www.outofthecube.com/ 

Out of the Cube is a free, web-based, newsletter offering a global forum for free spirits to voice witty, unusual views on topics of general interest, to increase awareness of lesser-known people, places, works and causes, and to publish original work of an artistic or literary nature.

What I noted in a sampling of the forum messages is the voice of youth speaking out with all of the hope or despair expressed in the typical passions of high school essays, those wonderful and somewhat fearful young adults of looking up at the unknown future.  For example, see "On a Conflicting Future" by Daniel Armstrong at  http://www.outofthecube.com/detailed/75.shtml and the poetry at http://www.outofthecube.com/Literature/Poetry/ 


I wrote this module for Barry Rice and others who have been long-time users of classroom response pads that allow the instructor and students to interact in class and display outcomes on a computer projection.  Barry and various other professors used both HyperGraphics course management software and HyperGraphics interactive response pads in the early 1990s..

What became of HyperGraphics/Cyberclass?  

In 1990, I spent most of my days authoring course materials in HyperGraphics from HyperGraphics Corporation in Denton, Texas.  HyperGraphics was one of the most innovative course authoring and course management systems ever developed for DOS.  Various accounting publishers such as Prentice-Hall and South-Western College Publishing developed HyperGraphics supplements for leading accounting textbooks.  The leading Hypergraphics' competitors at the time were Quest for DOS systems and Authorware for Mac systems.

When Windows replaced DOS as the leading operating system, the HyperGraphics version for Windows never was efficient or effective.  HyperGraphics Corporation changed its name to CyberGraphics Corporation and its business model to that of serving up HTML-based courses for colleges and universities.

In recent years, CyberGraphics changed its name and its customer base to include more K-12 schools than colleges and universities.  The company seems to thrive on supplementary online teaching and testing modules.  The new name is eInsruction Corporation --- http://www.einstruction.com/estart/new/about.cfm 

Headquartered in Denton, Texas, eInstruction Corporation is a leader in the educational technology industry, with over one and a half million projected users for the year 2001. Founded in 1981, by Dr. Darrell L. Ward, a long-time researcher and professor, he recognized a significant need in educational institutions for innovative technology-based products.

eInstruction has substantial publishing relationships with Course Technology, Glencoe/McGraw-Hill post-secondary, Jones and Bartlett, Cord Communications, Marcraft International, Delmar Publishing and South-Western College Publishing. Many years of consistent cutting-edge research and development have earned eInstruction a reputation of excellence in the education market. eInstruction Corporation is committed to providing innovative products that enhance the learning process in corporations and educational institutions through the use of computer-based technology, software, and the Internet.

The number of colleges served has shrunk somewhat in this era of heavy competition from Blackboard, WebCT, eCollege, Eduprise, Campus Pipeline, SmartThinking.co, Tutor.com, DegreeNavigator, etc.  But the number of K-12 schools using eLearn systems has soared. 

One noteworthy new product of eLearn is a newer type of classroom response pad system called Classroom Performance System (CPS)--- http://www.einstruction.com/estart/new/cps.cfm 

The Classroom Performance System (CPS) is an Infrared response system that supports real-time interaction in the traditional classroom. CPS allows you to ask questions and get immediate responses from every student. This system also tracks the results of individual students and instantly grades homework, quizzes, and tests. Extremely affordable, CPS is a revolutionary system that will engage your students and free you from mundane administrative tasks! 

The listing of colleges using the CPS system is shown at 
http://www.einstruction.com/estart/new/cpsschools.cfm#Post Secondary Schools  

Bob Jensen's document on "History and Future of Course Authoring Technologies" is at http://www.trinity.edu/rjensen/290wp/290wp.htm 


Prometheus is a course delivery system used by Fathom and other online course sites --- http://www.prometheus.com/ 

The George Washington University developed Prometheus in answer to the need for an easy-to-use, scalable enterprise-wide learning platform designed to allow customization for faculty, administrators, and students.

Prometheus partners have access to the Community Source code allowing developer collaboration, feature flexibility, and infinite customization.

Partners are free to private label the Prometheus platform creating the look and feel they choose.

Prometheus' web form-driven format walks faculty through course creation and content import quickly and easily—reducing training time and conserving resources.

Based on a ColdFusion application layer, Prometheus is inherently scalable and compatible with Oracle and Microsoft SQL Server databases. Data is not locked away in a proprietary database allowing for seamless integration with existing back office data management systems.

Bob Jensen's document on "History and Future of Course Authoring Technologies" is at http://www.trinity.edu/rjensen/290wp/290wp.htm 


Various kinds of technology partnership alternatives (between vendors and schools/faculty) are summarized by Oblinger et al. below:

Distance Education and Its Challenges:  An Overview, by D.G. Oblinger, C.A. Barone, and B.L. Hawkins (ACE, American Council on Education Center for Policy Analysis and Educause, 2001, Page 17)
http://www.acenet.edu/bookstore/pdf/distributed-learning/distributed-learning-01.pdf  
Service Providers
Online Application Consulting Embark.com --- http://www.embark.com/ 

College.net --- http://www.embark.com/ 

XAP --- http://www.xap.com/ 

(For other application consulting alternatives, go to http://www.awrsd.org/oak/Guidance/college_application_sites.htm  )

(For course finders, to to http://www.trinity.edu/rjensen/crossborder.htm )

Campus-based portals Campus Pipeline --- http://www.campuspipeline.com/

Jenzabar --- http://www.jenzabar.com/

Studentonline.com --- http://www.studentonline.com/

(For other alternatives, go to http://www.trinity.edu/rjensen/290wp/290wp.htm )

Online procurement Ariba --- http://www.ariba.com/

CommerceOne --- http://www.commerceone.com/

Freemarkets --- http://www.freemarkets.com/

Online course delivery Web CT --- http://www.webct.com/

Blackboard --- http://www.blackboard.com/

Eduprise --- http://www.eduprise.com/

eCollege --- http://www.ecollege.com/

(For other alternatives, go to http://www.trinity.edu/rjensen/290wp/290wp.htm )

Supplemental content PinkMonkey.com --- http://www.pinkmonkey.com/

CliffNotes.com --- http://www.cliffs.com/

Thinkwell.com --- http://www.thinkwell.com/

InstantKnowledge.com --- http://www.instantknowledge.com/

Versity.com --- http://www.collegeclub.com/micro/versity/

Online libraries Questia.com --- http://www.questia.com/Index.jsp

NetLibrary.com --- http://www.netlibrary.com/library_home_page.asp

ebrary.com --- http://www.ebrary.com/

(For other alternatives, go to http://www.trinity.edu/rjensen/searchh.htm )

Online textbooks VarsityBooks.com --- Ceased Operations

Textbooks.com --- http://www.barnesandnoble.com/textbooks/

Advising and tutoring Tutor.com --- http://www.tutor.com/

DegreeNavigator --- http://www.arts.ubc.ca/newsletter/feb2000/DegreeNavigator.htm

(For other alternatives, go to http://www.trinity.edu/rjensen/bookbob2.htm )

 


The University of Victoria's Hot Potatoes course authoring and management system is available free to academic users who make their materials available on the Web --- http://web.uvic.ca/hrd/halfbaked/ 

The Hot Potatoes suite includes six applications, enabling you to create interactive multiple-choice, short-answer, jumbled-sentence, crossword, matching/ordering and gap-fill exercises for the World Wide Web. Hot Potatoes is not freeware, but it is free of charge for non-profit educational users who make their pages available on the web. Other users must pay for a licence. Check out the Hot Potatoes licencing terms and pricing on the Half-Baked Software Website.

Bob Jensen's document on "History and Future of Course Authoring Technologies" is at http://www.trinity.edu/rjensen/290wp/290wp.htm 


University of Victoria's Language Teaching Clipart Library --- http://web.uvic.ca/hcmc/clipart/ 

This library consists of about 3000 images which we hope will be useful in the teaching of basic vocabulary in a variety of languages. The characters and objects depicted are as culturally neutral as we could make them.

This is not a huge resource of graphics; its purpose is to provide a set of those graphics most basic and useful for low-level language-teaching, and at the same time, to make them as easily searchable as possible.

The 3000 images consist of 1500 pairs. One member of each pair has a transparent background just big enough to fit the image, the other has a white background 110 by 110 pixels.


A message from Roger Debreceny in Singapore [rogerd@NETBOX.COM

On another mailing list I am on, the question came up of how to edit .wmf graphics files. One member of the group pointed to Corel Presentations 9. This component of the Word Perfect Office is free. You can download it at no charge at http://www.corel.com/freebies/CWPfreebies.htm  I did so and, sure enough, it seems to be able to edit any type of graphic file and save in a variety of formats, including Adobe Acrobat. The only downside is that the download is 71mb!

As the name suggests, the package is designed not only to manage graphics files but is a competitor to PowerPoint in the presentations arena.

Roger


From Syllabus News on July 17, 2001

Image-Guided Radiosurgery Tool

The CyberKnife Image-Guided Radiosurgery system technology was developed in cooperation with Stanford University and was cleared by the Food and Drug Administration (FDA) in 1999 for head, neck, and spine use down to the cervico-thoracic junc- tion. Publicly unveiled for the first time at the American Association of Neurological Surgeons Annual Meeting this past April in Toronto, the system integrates proprietary image- guidance technology with robotic delivery to target and irradiate tumors with accuracy and patient comfort. Accuracy Incorporated, provider of CyberKnife, announced recently the first two orders for the system, for Georgetown University Hospital and University of California, San Francisco (UCSF) Medical Center. UCSF Medical Center, a top-tier institution with an established brain radiosurgery program, has signed a contract to acquire the CyberKnife through the CyberKnife Placement Model (CPM)--a revenue and risk-sharing joint venture with Accuray--to expand its radiosurgery program.

For more information, visit http://www.accuray.com/ 


"THE HISTORICAL DEVELOPMENT OF COST ACCOUNTING AND THE TECHNOLOGICAL PROGRESS, UNTIL 1914" by Mario Santo Bernardo --- http://www.emp.uc3m.es/noved/CostAccounting(MauroSanto).PDF 


What's Happening Calendar of Events for San Antonio --- http://www.mysa.com/mysanantonio/whatshappening/whjul01.shtml 


From InformationWeek Online on July 19, 2001

Covisint Books 'Impressive' Procurement Volume

With the year barely half over, auto-industry exchange Covisint LLC reports that it has already managed transactions worth more than $33 billion. That's equal to about 13% of the $240 billion worth of procurements that the Big Three automakers sign off on each year.

DaimlerChrysler AG recently said it has used Covisint for $3 billion in procurements. Ford Motor Co. and General Motors Corp. each had been doing $2 billion to $3 billion on their own private exchanges before those operations were rolled onto Covisint earlier this year. Kevin Prouty, automotive analyst for AMR Research, says a handful of large auto suppliers that he declined to name have added to Covisint's total. Prouty says he's "surprised and impressed" by Covisint's early transaction volume. Based on its slow performance last year, Prouty says, he had expected the exchange would reach the $40 billion level by the end of next year.

Prouty says most of the procurement handled by Covisint this year has been for highly engineered parts and strategic materials used in finished automobiles, the services that are at the core of Covisint's mission. According to figures the exchange released Wednesday, Covisint's 1,000 registered users conducted 420 auctions during the first six months of this year--primarily for strategic materials. Fully 2.5 million individual items were bought, using the exchange's 200 catalogs, in 20,000 individual transactions. Those items included parts and materials used in finished products and parts for maintenance, repair, and operational supplies. - Steve Konicki

We have more breaking Covisint news at http://update.informationweek.com/cgi-bin4/flo?y=eD2M0BcUEY0V20QC80AA 

Go deeper. Read Auto Supplier Revs Covisint's Engine http://update.informationweek.com/cgi-bin4/flo?y=eD2M0BcUEY0V20QDA0AK 

Covisint's Big Deal: Daimler Spends $3B In Four Days http://update.informationweek.com/cgi-bin4/flo?y=eD2M0BcUEY0V20OGO0AZ 

Steering Around The Wreckage http://update.informationweek.com/cgi-bin4/flo?y=eD2M0BcUEY0V20MjZ0AJ 

 


"Two Standards Bolster XML" by Jim Rapoza, eLabs Report, July 16, 2001 

As XML has progressed as the key language for e-business communication, many of the recent standards associated with the markup language have improved its portability and its ability to integrate with various systems. This is again the case with two newest XML standards released by the World Wide Web Consortium: XLink and XML Base.

Although in most ways XML is much more powerful than HTML, HTML has had XML beat when it comes to linking and portability. XLink and XML Base, which were released as W3C recommendations late last month, both seek to fix this weakness in XML, essentially giving it many of the same capabilities as HTML, plus a few improvements.

XLink gives XML documents the same capabilities that URIs have given HTML documents but goes much further by allowing what are called extended links. In its most basic form, XLink gives XML documents the same capabilities that URIs (Uniform Resource Indicators) have given HTML documents—essentially the ability to define hyperlinks internally in a document. However, XLink goes much further by allowing what are called extended links. Extended links can include multiple resources or can point to rich information about links.

To use XLink in a document, an author must define the XLink namespace (by entering xmlns:xlink=http://www.w3.org/1999/xlink). The author can then use XLink tags within the document to define links.

XML Base is even simpler in its scope—so simple that it's somewhat of a surprise that it hasn't been included before. Essentially, as in HTML, XML Base lets a document author define a base URI for a document that can then be used as a relative reference for other links within the document.

An example of using XML Base with XLink would be something like the following. (However, a coder would need to replace every instance of "[" in the code below with an open angle bracket. We replaced every open angle bracket in order to make the code appear as text in this HTML newsletter.)

In this example, the XML Base of "eweek.com/labs" can be referenced by the review xlink at the bottom, meaning the link in full would be http://eweek.com/labs/review.xml .

For more information on XML Base and XLink, click on these links: www.w3.org/TR/2001/REC-xlink-20010627/ 
www.w3.org/TR/2001/REC-xmlbase-20010627/
 


The XML Academy --- http://www.softwareagusa.com/adtnac 

From XML Report on July 18, 2001

It may not give Microsoft's Internet Explorer a run for its money, but W3C has released a free downloadable version of Amaya 5.0, its Web browser and authoring tool.

For Web browsing, W3C claims Amaya offers an interface "similar to that of the most popular commercial browsers" (read IE). But if Amaya doesn't score a big hit with the user community, it does offer developers an easy way to generate either XHTML or HTML pages, along with CSS style sheets, and MathML expressions. The new version also offers enhanced support for SVG, which was lacking in earlier versions.

For teamwork, it all includes an application for collaboration annotation based on RDF, XLink, and XPointer. Further information on the annotation capabilities is available at the Annotea project home page http://www.w3c.org/2001/Annotea .

Versions are available for Solaris 8, Linux, and lest we forget, Microsoft Windows 2000, NT, 95 and 98. Amaya is an open source project, with binaries by operating system, and source code available at http://www.w3.org/Amaya/ .

For more on Tools, go to: http://www.adtmag.com/section.asp?section=tools .

For Bob Jensen's threads on XML, XLink, XHTML, XBRL, XForm, XSLT, RDF and Semantic Web, go to
 http://www.trinity.edu/rjensen/xmlrdf.htm 




Forwarded by Auntie Bev

 Socialism: You have two cows. You keep one and give
 one to your neighbor.

 Communism: You have two cows. The government takes
 them both and provides you with milk.

 Fascism: You have two cows. The government takes them
 and sells you with the milk.

 Bureaucracy: You have two cows. The government takes
 them both, shoots one, milks the other, pays you for
 the milk, and then pours it down the drain.

 Capitalism: You have two cows. You sell one and buy a
 bull.

 Corporate: You have two cows. You sell one, force the
 other to produce the milk of four cows and then act
 surprised when it drops dead.


Programmers Drinking Song

99 little bugs in the code,
99 little bugs in the code,
fix one bug, compile it again,
101 little bugs in the code.
101 little bugs in the code.....

 


Bundling Softdrinks

This one is taken from the LinuxMall newsletter.

After the recent Anti-trust hearings, Bill Gates recently compared the software market with the soft drink market. He says Microsoft is struggling to survive but that the beverage giant will be on top forever because the Department of Justice doesn't pick on them. Of course, Bill should be careful not to give Coke any ideas. We might end up with a scenario like the following:

Joe: (walking into McDonalds) Hi, I'd like a Big Mac.

Cashier: Okay, here's your Big Mac and here's your Coke. That'll be $3.99.

Joe: Uh, I don't want a Coke.

Cashier: Sorry, they're bundled.

Joe: What? I'm not paying for a Coke!

Cashier: You don't; the Coke is free.

Joe: But wasn't a Big Mac $2.49 last week?

Cashier: Sure, but this latest Big Mac is far more innovative. It's got integrated Coke!

Joe: I already bought a Snapple across the street... I'm not going to drink the Coke.

Cashier: Then you can't have the burger.

Joe: Okay, fine, I will pay the $3.99 and throw the Coke away.

Cashier: Oh, you can't do that. They're seamlessly integrated. Totally inseparable.

Joe: How can that be? They're two totally separate things!

Cashier: No, watch. (takes Big Mac, dunks it in a tank of Coke) See?

Joe: Why did you just do that?!

Cashier: It's a benefit to the consumer. Otherwise you'd end up with two different, inconsistent tastes. This way you're assured of a continuous taste across all your foods.

Joe: Aaarrgh!

 


Stress Relief

Here's a coping skill for job stress recommended by Dr. Nickolas Hall, an expert in psychobiology:

When you have had one of those TAKE THIS JOB AND SHOVE IT days, try this.
On your way home after work, stop at your pharmacy and go to the section where they have thermometers.
You will need to purchase a rectal thermometer made by *Q-Tip. Be very sure that you get this brand.
Change to very comfortable clothing, such as a sweat suit and lie down on your bed.
Open the package containing the thermometer and remove the thermometer and carefully place it on the bedside table so that it will not become chipped or broken.
"Every rectal thermometer made by Q-Tip is PERSONALLY tested."
Now close your eyes and say out loud five times, "I am so glad that I do not work in quality control at the Q-Tip Company."

(Jensen note:  I would be more apt to say out loud five times, "Who inspected my new thermometer?  What do I really know about that inspector?  Does Q-Tip have an online listing of 'PERSONALLY tested' procedures used at the plant?  Should I know more?  Do I really need to check for fever?")


And that's the way it was on July 20, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

 

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

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July 13, 2001

Bob Jensen's New Bookmarks on July 13, 2001
Bob Jensen at Trinity University
 

You can change the viewing size of fonts by clicking on the View menu item in your browser. 

Scroll down this page to view this week's new bookmarks. 

For earlier editions of New Bookmarks, go to http://www.trinity.edu/rjensen/bookurl.htm 

I maintain threads on various topics at http://www.trinity.edu/rjensen/threads.htm 

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
This search engine may get you some hits from other professors at Trinity University included with Bob Jensen's documents, but this may be to your benefit.

Whenever a commercial product or service is mentioned anywhere in Bob Jensen's website, there is no advertising fee or other remuneration to Bob Jensen.  This website is intended to be a public service.  I am grateful to Trinity University for serving up my ramblings.

There will be no weekly editions of New Bookmarks in June, July, and August.  I may be able to slip in occasional editions, but I will be out of town most of the summer.  I will be taking some extended trips to Germany, Iowa, Maine, and Georgia, and Mexico.  Now and then Erika and I will be back home, but there will be mountains of things to do whenever I get back into my office.  (To be honest with you, I'd rather be locked in my office all summer.)

It is possible that I will not be able to process the thousands of email messages that will arrive while I am gone this summer.   Please don't think of me as rude.  Think of me more as an unhappy camper in crowded airports.

Since I am generally so busy during my out-of-town trips, I do not attempt to answer email messages while I am on the road.



Quotes of the Week

On July 7, I attended my Algona High School class reunion in Iowa.  I had not seen most of my classmates for 35 years (since our 10th reunion). Out of 63 graduates, 14 are already deceased.  One of my classmates, a friend who died tragically from cancer in 1998, was a tall, beautiful, popular, and courageous woman.   Sometime between her death and the amputation of both legs, she wrote the following farewell.

Death, old friend, when you
come for me let it be in the 
quiet of night.

Come quickly in the stillness
and enfold my soul in 
your soft, sure embrace
to carry me onward.

Leave a smile on the
face of my bodily remains to
let my loved ones know that
I'm happy.

     Death, Old Friend
     by Connie Drone Rains
     1998

In Leaves of Grass, Walt Whitman wrote the following sometime between 1855 and 1892:

That the hands of the sisters Death and 
    Night incessantly softly wash again, and
    ever again, this soiled world;

In a Letter to Cecil Spring-Rice in 1904, Theodore Roosevelt wrote:

Death is always and under all circum-
stances a tragedy, for if it is not, then it 
means that life itself has become one.



 
Internet Companies Directory (A Partial Listing)
COMPANY DESCRIPTION URL

e-Retail (consumer products and services)

1-800 Contacts Contact lenses http://www.1800contacts.com/
Alloy Online Goods for teens http://www.alloy.com/
Amazon.com Books, music, electronics http://www.amazon.com
Autobytel.com New, used car guide http://www.autobytel.com/
Barnesandnoble.com Books, music http://www.barnesandnoble.com/
Drugstore.com Medical products http://www.drugstore.com/
eBay Auctions http://www.ebay.com/
Egghead.com Computer products http://www.egghead.com/
Expedia Travel planning http://www.expedia.com/
Hotel Reservations Network Discounted hotel rooms http://www.180096hotel.com/
Priceline.com Travel reservations http://www.priceline.com/
Stamps.com Postage http://www.stamps.com/
Ticketmaster Guides, tickets http://www.ticketmaster.com/
Travelocity.com Travel reservations http://www.travelocity.com/
e-Finance (banks, brokerages and credit companies)
Ameritrade Securities broker http://www.ameritrade.com/
Charles Schwab Securities broker http://www.schwab.com/
CSFBdirect Securities broker http://www.csfbdirect.com/
E-Trade Securities broker http://www.etrade.com
IndyMac Bancorp Mortgage lender http://www.indymacbank.com/
Intuit Personal finance info http://www.intuit.com/
NetBank Consumer banking http://www.gefn-compubank.com/
NextCard Consumer credit http://www.nextcard.com
TD Warehouse Securities broker http://www.tdwaterhouse.com/
Wit SoundView Securities broker http://www.witsoundview.com/
e-New Media (advertising/subscription-supported media)
AOL Time Warner Consumer content http://www.aoltimewarner.com/
Ask Jeeves Search engine http://www.ask.com/
Cnet Networks Technology content http://www.cnet.com/
HomeStore.com Real estate content http://www.homestore.com/
HotJobs.com Career content http://www.hotjobs.com/
InfoSpace Wireless content http://infospace.com/
MarketWatch.com Financial content http://cbs.marketwatch.com/
McAfee.com Computer protection http://mcafee.com/
MP3.com Music content http://www.mp3.com/
Multex.com Financial content http://www.multexusa.com/
NBC Internet Consumer content http://www.nbci.com/
SportsLine.com Sports content http://sportsline.com/
Terra Lycos Consumer content http://www.terralycos.com/
TheStreet.com Financial content http://www.thestreet.com/
Apollo Group U of Phoenix Online Education content http://www.ipopros.com/histdeal_pla.asp?deal=2285
Yahoo Web guide http://www.yahoo.com/
e-Access providers (connections to the Internet)
Aether Systems Wireless Internet access http://www.aethersystems.com/
Excite At Home Internet access http://www.excite.com/
EarthLink Internet access http://www.earthlink.net/
Juno Online Services Internet access http://www.juno.com
Metricom Wireless Internet access http://www.metricom.com/
IMPORTANT NOTICE:
Please be advised that Metricom has filed for Chapter 11 bankruptcy protection.
NetZero Internet access http://www.netzero.net/
Prodigy Communications Internet access http://www.prodigy.com/
RCN Internet access http://www.rcn.com/
Research in Motion Wireless Internet access http://www.rim.net/
WorldGate Communications Internet access http://www.wgate.com
e-Learning providers (corporate) For more details go to http://www.trinity.edu/rjensen/000aaa/0000start.htm 
Caliber Training and executive dev. http://www.caliber.com/ 
Pensare Executive development with plans for degree programs in partnership with prestige universities http://www.pensare.com/ 
UNext Executive development and for-credit programs through UNext's Cardean University and in partnership with prestige universities http://www.unext.com/ 
SmartForce
(See news item below)
Executive development http://www.smartforce.com/ 
Quisic Content development, executive development, and for-credit courses http://www.quisic.com/ 
(Formerly called University Access)
Headlight (From CyberU) Recreational learners and an online small business training center http://www.cyberu.com/training/headlight/index.asp 
OnlineLearning.net Training and executive development and for-credit courses http://www.onlinelearning.net/ 
University of Maryland University College Training and executive development and for-credit courses http://www.umuc.edu/ 
Fathom (headed by Columbia University in conjunction with many prestigious partners)  A huge knowledge portal that offers over 600 courses http://www.fathom.com/index.jhtml 
New York University Online Training and executive development and for-credit courses http://i5.nyu.edu/~jmm282/nyupage.html 
University of Phoenix Training and executive development and for-credit courses (The largest accredited private university in the world.) http://www.phoenix.edu/index_open.html 
The Kaplan Colleges Training and executive development and for-credit courses (including the online Concord School of Law) http://www.kaplancollege.com/ 
Sylvan Learning Systems Training and executive development and for-credit courses (and testing centers) http://www.sylvan.net/ 
Intellnex from Ernst & Young (the first Big 5 accounting firm university) Training and executive development http://www.intellinex.com/flash/index.htm 
(Note that most prestige universities have already or are forming private corporations for online delivery of training, executive development, and for-credit courses)
For links to Internet Libraries, go to http://www.trinity.edu/rjensen/searchh.htm#Librarian'sIndex 
Many other corporate providers are discussed in a book that can be downloaded free:
The Business of Borderless Education, by S.C. Cunningham, et al., (Australian Department of Education, Evaluations and Investigations Programme of the Higher Education Division, 2000).  Hard Copy ISBN 0 642 44446 3 and Online Copy ISBN 0 642 44447 1 --- http://www.detya.gov.au/archive/highered/eippubs/eip00_3/bbe.pdf 

 

Bob Jensen's documents on e-Learning are available free at http://www.trinity.edu/rjensen/000aaa/0000start.htm 

How to find online training and education programs http://www.trinity.edu/rjensen/crossborder.htm

Bob Jensen's Search Helpers http://www.trinity.edu/rjensen/searchh.htm 

Bob Jensen's other bookmarks are at http://www.trinity.edu/rjensen/bookbob.htm 

 

 


From InformationWeek Online on July 13, 2001

SmartForce Reports Increased Profit, Revenue

E-learning firm SmartForce LLC is pulling off a relative rarity: earnings reports that are solidly in the black. The training-content maker Thursday posted another quarter of strong revenue and increased profits that easily beat analyst estimates.

For the quarter ended June 30, SmartForce reported a net income, before acquisition-related charges, of $3.6 million, or 6 cents a share, on revenue of $66.1 million, compared with a net loss of $9.9 million, or 19 cents, on revenue of $36.4 million for the same period last year. The charges result from the April acquisition of E-learning company icGlobal.

"The company is a poster child of the sector--profitable, offering mature products, [and] winning large platform deals," says Dain Rauscher Wessels Inc. analyst George Sutton. Contributing to the record earnings were five new deals, each worth over $5 million, an increase in the average deal size to $172,000, and an array of new partnerships with, among others, Hewlett-Packard and Cisco. - Elisabeth Goodridge

Read on at SmartForce To Buy LMS Developer http://update.informationweek.com/cgi-bin4/flo?y=eEAA0BcUEY0V20PwJ0AN 

New Set Of ABCs For E-learning http://update.informationweek.com/cgi-bin4/flo?y=eEAA0BcUEY0V20DY30AI 

The SmartForce homepage is at http://www.smartforce.com/ 



GoodBye! The Journal of Contemporary Obituaries --- http://www.goodbyemag.com/ 

Goodbye to your tax dollars
IRS Offers New Withholding Calculator Looking for a quick way to figure out what your income tax will be under the new tax legislation?  http://www.accountingweb.com/item/52146 


New journal for accounting educators and others interested in public interest accountability.
Accounting and the Public Interest has been launched by the American Accounting Association. This journal is free to access until October 2001 (get your free copy now) ---  http://aaahq.org/pubs/apipubs/apipubs.htm 

AAA Executive Committee and Public Interest Section Officers.  i

API Editor and Staff .. ii

Editorial Advisory and Review Board .. iii

Submission/Subscription Information .. iv

Editorial Policy and Style Information .... v

A “Close Reading” Protocol to Identify Perception-Fashioning Rhetoric in Web Site Financial Reporting: The Case of Microsoft ® .. 1
Russell Craig, Lucia Garrott, and Joel Amernic

The Role and Perceptions of Independent Audit Partners in the Governmental Audit Market .. 17
Suzanne H. Lowensohn and Frank Collins

A Special-Purpose Taxonomy of Corporate Social Performance Concepts.. 42
Brett A. Stone

The Impact of Regulatory and Audit Environment on Managers’ Discretionary Accounting Choices: The Case of SFAS No. 106.. 73
Sharad Asthana


The International Accounting Section of the American Accounting Association shares teaching resource materials at http://www.cba.uc.edu/cbainfo/ias/International%20Accounting%20Resources.htm 

Other Section resources, including PowerPoint files, are available from Tim Sale at http://www.cba.uc.edu/cbainfo/ias/ 

Globalization Strategic Alliances Roundtable (of the American Accounting Association) which last met in Berlin in June 22, 2001 --- http://www.globalizationroundtable.org/ 

The GSAR's purposes are bringing business school representatives, international center directors, association and section leaders, international accounting journal editors, international conference organizers and those who are interested in developing globalization strategies for their organizations to a roundtable meeting to discuss globalization missions, strategies, activities and potential cooperation.


Important (Free) Book of the Month

I thank Thomas Calderon for making me aware of Distance Education and Its Challenges:  An Overview, by D.G. Oblinger, C.A. Barone, and B.L. Hawkins (ACE, American Council on Education Center for Policy Analysis and Educause, 2001)
http://www.acenet.edu/bookstore/pdf/distributed-learning/distributed-learning-01.pdf 

Abstract v

Distance or distributed education is one of the most complex issues facing higher education institutions today.  This paper is designed to provide college and university presidents with an overview of distance education, e-learning, or what we prefer to call distributed learning.  We prefer the term distributed learning over distance education because “distance ”is too restrictive a concept. Few institutions will be untouched by the discussion and debate surrounding distributed education.  As a result, institutional leaders will need to understand its implications for themselves and their institutions.  This first paper in the ACE/EDUCAUSE series, Distributed Education and Its Challenges:  An Overview, provides a general framework for understanding the key questions that distributed education poses to the higher education community. This overview paper identifies significant issues associated with distributed education and suggests a series of questions to help institutional leaders establish and validate their options.  We encourage institutions to use this paper as a primer and hope that it will catalyze in-depth, strategic discussions.  In addition to framing the issues for various stakeholders, the paper outlines topics that will be addressed thoroughly in future monographs in the series, including issues of quality control and leadership.

Foreword vii

Introduction 1

Challenging Assumptions 3

Student Learning 5

Strategic Goals 7

Intended Audiences 9

Market Size and Growth of Distance Education 11

Governance and Organization 13

Partnerships 17

Quality 19

Policies 21

Barriers 25

Leadership Challenges 27

Conclusion 29

The educational opportunities that distributed learning affords are exciting, but institutions face significant obstacles that need to be addressed before such prospects can be made real.  Among the challenges are the development of 

•Viable organizational, governance, and business strategies. 

•Appropriate definitions of intellectual property rules with faculty and other developers. 

•Teaching modalities that recognize new styles of learning. 

•Suitable online student services and sup port structures. 

•Adequate faculty support structures. 

•Meaningful assessment metrics. 

•Articulation agreements defining what and how many courses will be accepted and transferable for a degree.

•Policies regarding administration of financial aid. 

While there may be responses to each of these challenges, not all answers are likely to be compatible within the traditional cultures, structures, and processes of our colleges and universities. How do higher education institutions develop a proactive direction that harmonizes with the existing culture and values?  The National Learning Infrastructure Initiative ’s (NLII ’s)12 conditions for change found in Appendix 6 express the conviction that the entire institutional “system ”must adapt for the venture to succeed. 

Although culture and technical readiness for distributed education are not trivial issues, policy issues —and the resulting legislation — may be as difficult.  Policies designed to remove the barriers to widespread adoption of distributed education must come from all levels — federal and state governments, policy agreements among the states, and state university systems —as well as from the institutions them selves. 

Distributed education can bring many benefits to higher education, such as 

•Enhanced learning experiences. 

•Improved access to education. 

•Greater learner flexibility. 

•Expansion of education to new groups. 

•Increased interaction and collaboration. 

Distributed education will be part of higher education’s future.  With careful planning, judicious choices, and resolute execution, that future will be a positive one for our institutions, as well as for those we serve.

Appendix 1:

Comparison of Target Markets Among Selected Educational Providers 31

Appendix 2: Guidelines for Distance Education 33

Appendix 3:  Council for Higher Education Accreditation Competency Standards Project 35

Appendix 4:  Measures of Quality in Internet-Based Distance Learning 39

Council for Higher Education Accreditation Competency Standards Project 35

Appendix 4: Measures of Quality in Internet-Based Distance Learning 39

Appendix 5: Resources for Distributed Learning 41

Appendix 6: Twelve Conditions for Change 43

Notes 45

About the Authors 47

The twelve conditions for change are as follows:

The following 12 conditions are indicative of the institutional characteristics that are essential to effective action in the knowledge-based economy in which higher education now operates: 

  1. Choices —Identifying a strategic direction and selecting a path to get there based on a clear sense of institutional mission. 
  2. Commitment — Allocating resources to enable the institution to adjust its course and to follow the path selected.
  3. Courage — Energetic and focused leadership from the very highest level of administration. 
  4. Communication — Building a climate of trust by including the entire campus community in the transformation process through a carefully conceived and well-executed strategy for dissemination of information about extant and emerging services, plans, decisions, etc.
  5. Cooperation — Collaborating across functions and throughout levels and constituencies to achieve a consistent and integrated set of support services for teaching and learning.
  6. Community — Complementing the community of support nurtured through cross-functional collaboration with an equally cohesive community of faculty across disciplines.
  7. Curriculum — Reconceptualizing the curriculum to reflect its distributed, interdisciplinary, and outcomes-oriented nature.
  8. Consistency — Reflecting institutional commitment to transformation through consistent action and recognizing the importance of standards, within both the technology industry and the institution.
  9. Capacity — Developing the teaching and learning capacity of the institution (e.g., curriculum and faculty) to serve student achievement and outcomes.
  10. Culture/Context — Understanding the culture, values, and sensitivities of a given campus climate.
  11. Complexity/Confusion — Overcoming the confusion associated with coping with transformation by adapting to the inherent complexity of the decision-making process by adopting more agile and responsive governance processes.
  12. Creativity — Developing strategies and tactics that harmonize with the campus culture and context and recognizing that this is a creative, not just a political,process.38

Related readings such as the Cunningham et al. study are linked at http://www.trinity.edu/rjensen/crossborder.htm 


Important Distance Education Article of the Week

"High-Definition Television Could Change Telecourses and Online Learning," by Florence, Olsen, The Chronicle of Higher Education, July 5, 2001 --- http://chronicle.com/free/2001/07/2001070501u.htm 

Within a few years, specialized telecourses that make use of high-definition television, or HDTV, will be delivered over high-speed networks like Internet2. But some institutions whose students could benefit from advanced television technology may not have the network capacity to receive the courses.

Network and video experts say that because of expensive equipment and network costs, such courses will be limited, at least initially, to a few high-demand areas, such as medicine and electrical and computer engineering. The finely detailed images possible with HDTV would not be necessary for every telecourse.

What's more, the technical experts say, only students at universities that can provide substantial amounts of bandwidth will benefit from HDTV courses with interactive components. Those courses will rely on a network-intensive technology known as "HDTV over IP," where "IP" stands for Internet Protocol.

. . . 

Researchers are still exploring the potential of HDTV-over-IP networks, which may permit medical students, at a distance of a few hundred feet or even several thousand miles, to observe new surgical procedures and ask questions of the surgeons. The University of Washington, which has been a center for much of the research, is collaborating with other universities "that easily have the network bandwidth and engineering expertise to take advantage of this," says Amy Philipson, executive director of the ResearchChannel. It is a consortium, led by the University of Washington, that uses television to publicize university and government research.

The university has conducted several HDTV-over-IP demonstrations over Abilene, the Internet2 backbone network, including a video transfer of 200 million bits per second between Seattle and Palo Alto, Calif.

The image fidelity of HDTV over IP is such that "you can see light on a single hair," says Ms. Philipson. Using HDTV for a classroom videoconference over Internet2, "it looks as if you're looking through a pane of glass to another room," and teaching materials or procedures can be demonstrated with razor sharpness, says Hawaii's Mr. Chee.

The rest of the article is at  http://chronicle.com/free/2001/07/2001070501u.htm 


Important Library Article of the Week

"Ready of Not, They're Here:  Library Portals," Syllabus, July 2001, beginning on Page 30 --- http://www.syllabus.com/syllabusmagazine/article.asp?id=4138 

In my view, the most important module of this article is the module on the library portal at North Carolina State University --- http://my.lib.ncsu.edu/ (although there are other good examples as well):

One of the most-discussed library portals belongs to North Carolina State. My Library@NCState began in theory in 1997 with a working model unveiled in 1998. MyLibrary@NCState comprises library resources, links to both library services and university Web pages, as well as personal profile areas. MyLibrary@NCState works by allowing users to select a subject discipline, thereby bringing a librarian's content expertise to one's own fingertips. Features including "Message from My Librarian" and "My Librarian" are predicated on the discipline selected by the user. As departments in universities have been accustomed to having a content expert to whom recommendations can be made and from whom advice can be solicited, this advisory service is now available to all through the portal. Users can be alerted when new materials are added to a particular collection, when new journal articles in line with an interest profile appear, when guest lectures and seminars occur on campus, and when materials for specific courses in which the user is enrolled are available. Gone, it seems, are the days of browsing the shelves, as we streamline the time of the reader. MyLibrary@NCState is a work in progress, with significant improvements occurring frequently. A visit to MyLibrary@NCState is a valuable experience for all librarians interested in improving their customer service models.

Resources concerning library portals abound in the literature and online, and resource sharing, including the source code required to implement the MyLibrary@NCState portal system—with the understanding that each institution works on its own administrative databases, security features, computer applications, and actual look and feel of the portal interface—is downloadable freely (http://hegel.lib.ncsu.edu/development/mylibrary/). Playing in the "sandbox" of code is encouraged, and a worthwhile listserv exists to aid systems librarians and their peers as they install and customize their own "MyLibrary."

The general conclusion is that library portals will "change the organizational culture in libraries." (Page 31)  The main implication is that libraries are becoming more consumer-focused and positioning themselves within the overall system of knowledge and learning.  Nations such as Australia are investing heavily in library portals programs.

Bob Jensen's threads on portals and vortals are at http://www.trinity.edu/rjensen/000aaa/portals.htm 


Hello Dean XXXXX,

I don't think that free materials such as MIT courseware will have any impact upon onsite or online degree programs (other than their use by other faculty in course design). MBA students want the diploma for improved employment opportunities.

Once the comparative advantage of geography is eliminated (it is a huge advantage for onsite programs), what seems to matter most in distance education is logo --- online students want a prestige logo of a university and/or a corporation. The most successful online programs have prestige logos such as Stanford's ADEPT MS in Engineering and Duke's two distance MBA programs (the Virtual MBA and the Cross-Continent Online MBA). This is one reason the University of Wisconsin system-wide distance education programs wanted an integrated program (with the Madison campus being a major player).  The system wanted to lean on Madison's international reputation to help market the programs throughout Wisconsin and the rest of the world.

You are essentially placed between a rock and a hard place. Schools that  delay efforts to provide online training and education courses will become  further and further behind ("left in the dust") in the technology curve of online course development, online faculty development, and technology  support systems. Schools that plunge ahead must be prepared for huge losses and disappointments while struggling to find the best online business model and online curricula for their circumstances.

It would seem that you would have better results if you managed to partner with another leading university and/or some leading corporations. The University of Georgia partnered with Pricewaterhouse Coopers to deliver online MBA degrees to PwC employees. The key advantage here is that PwC is footing the bill for all the students. Jacksonville CC and Florida State University just entered into a huge partnership to deliver online programs to IRS employees. The IRS will foot the bill.

Texas A&M University partnered with Monterrey Tech to deliver an MBA program in Mexico. The key here is the high reputation of Monterrey Tech in Mexico (it is the MIT of Mexico).

UNEXT realized the importance of logos, which is why UNext partnered with leading schools that will oversee their own UNext courses and put their logos on courses (the logos being from partners such as Stanford, Chicago, Carnegie-Mellon, Columbia, and the London School of Economics).

I don't think advertising and marketing alone will solve your dilemma, although if you do advertise, direct mail is still probably the best marketing strategy.  One target group would be your own alumni from virtually all divisions across campus. Most distance education marketing efforts to date are viewed as failures. For example, the University of Washington has not been very successful with its free peeks  that allow students to sign up for free course modules that are intended to > motivate those students to eventually register for the entire training or degree course.

You might attempt the A&M approach of partnering with foreign universities that have strong reputations in their own countries.  The problem, however, will be helping students pay the fees.  It is important, however, to enter into such partnerships before other universities partner with foreign schools for delivery of online programs.  Partnerships that lose money initially may soar when HDTV is on the scene.

I would talk to some experienced online MBA degree administrators. Two persons that I recommend you contact are as follows:

Unfortunately, demand is not high for online programs unless prestigious logos appear on the diploma or corporations are paying the tuition and fees. For example, in Duke's Virtual MBA Program, corporations are paying the $95,000 tuition plus other fees. In Duke's Cross-Continent MBA program, the prestige logo of Duke is the main attraction.

I am sorry that I cannot offer a magic bullet.  Distance education is about where the Stanley Steamer was at a time when horses, mules, and railroads carried most of the passengers and freight.  The dirt roads and rails weren't adequate for the Stanley Steamer.  New technologies and networked "roads" will greatly change distance education that will impact on the future.  

One thing I would consider is a serious investigation of the role of HDTV training and education in your city and surrounding areas. What kinds of  partnerships are possible with area television stations and area colleges  and universities. HDTV, unlike the Web, still affords some geographic  comparative advantages since the TV stations are local.  Competition on the  international Web will be fierce since there are no comparative advantages to geographic location.  The major player in the future will be HDTV.  Your long-term strategists should be thinking ahead regarding what role your university will play in the era of HDTV.  See "High-Definition Television Could Change Telecourses and Online Learning," by Florence, Olsen, The Chronicle of Higher Education, July 5, 2001 --- http://chronicle.com/free/2001/07/2001070501u.htm 

For trends on what is happening in the global market, go to http://www.trinity.edu/rjensen/crossborder.htm 

I especially recommend that you download and carefully read 
The Business of Borderless Education
, by S.C. Cunningham, et al., (Australian Department of Education, Evaluations and Investigations Programme of the Higher Education Division, 2000).  Hard Copy ISBN 0 642 44446 3 and Online Copy ISBN 0 642 44447 1 --- http://www.detya.gov.au/archive/highered/eippubs/eip00_3/bbe.pdf 

Bob Jensen

-----Original Message----- 
From: XXXXX
Sent: Tuesday, July 10, 2001 4:24 PM 
To: rjensen@trinity.edu 
Subject: Web courses

Bob - you may not remember me but I'm the associate dean at the b-school at YYYYY University --- you came here for a technology seminar 3 years ago and we went out to dinner with Professor ZZZZZ and some others. 

Hope this finds you well. reason for my email is we have our foundation mba courses (those courses non-business majors must take) on the web. they have performed in general very poorly in attracting enrollment over the past three years and we are in the process of trying to market them better over the next year. if we don't jack the enrollment up by this time next year I think we'll pull the plug. I have been perusing your web site and found some interesting stuff. do you have any articles or books you recommend relative to the marketing and business strategy side of web courses? I went to an AACSB conference last November and everybody was saying the same thing about their web courses -that enrollments were low, they were money losers and lots of work. however, I see where a number of schools (Open U) have been very successful. Do you have any thoughts on what works and what doesn't from a strategy/administrative point of view - in terms of having a successful web course program? should schools like YYYYY University even be in this business? what impact does MIT giving away free courseware have on trying to charge for stand alone web courses/programs? Any thoughts or references would be greatly appreciated.

thanks, 
XXXXX

 


Hi Pat,

I am now digging into over 1,500 backed up email messages, so if I duplicate replies from others, the reason is that I have not yet seen those replies.

You may want to have the student look into the following sources:

John's Finance Page --- http://members.attcanada.ca/~johnjaz/equity.htm 

"The role of book value in equity valuation: Does the stock variable merely proxy for relevant past flows?," by Mohan Venkatachalam and K.R. Subramanyam, Stanford University GSB Research Paper 1491 R --- http://gobi.stanford.edu/researchpapers/detail1.asp?Paper_No=1491 

"Conservative Accounting and Equity Valuation," by Xiao-Jun Zhang Columbia University --- http://accounting.rutgers.edu/raw/aaa/98annual/abstracts/cs1/cs1-52.htm 

Business Analysis and Valuation, Using Financial Statements by Palepu et al --- http://www.swcollege.com/acct/palepu/palepu_main.html 

FASB REPORT - BUSINESS AND FINANCIAL REPORTING, CHALLENGES FROM THE NEW ECONOMY NO. 219-A April 2001 Author: Wayne S. Upton, Jr. Source: Financial Accounting Standards Board --- http://accounting.rutgers.edu/raw/fasb/new_economy.html 

The Garten SEC Report: A press release and an executive summary are available at http://www.mba.yale.edu  
(You can request a copy of the full report using an email address at the above URL)

This is only a sampling of hundreds of references on equity valuation.

Bob Jensen

-----Original Message----- 
From: Patricia Doherty [mailto:pdoherty@BU.EDU]  
Sent: Monday, July 09, 2001 11:03 AM 
To: AECM@LISTSERV.LOYOLA.EDU Subject: research sources

Hi, Everyone, A student sent me the following request. Equity prices are not my area, so I thought I would ask my favorite pool of information people. Anyone have any favorite books in this area? He is a pretty sophisticated student, reads a lot and catches on very quickly, so the level is not a problem. What he doesn't understand, he will find out.

I need help with something and I thought you might know about it, I need some books that discuss methods and models to evaluate equity prices. I might write a small research about this subject. So, please if you recommend any books I would really appreciate it.

Thanks for your help! pd

-- Patricia A. Doherty Department of Accounting Boston University School of Management 595 Commonwealth Avenue Boston, MA 02215 1-617-353-4415 FAX 1-617-353-6667

Instructor in Accounting Coordinator, Managerial Accounting

You will only be remembered for two things: the problems you solve or the ones you create. Mike Murdock


AccountingWEB's Software Resource Center ---  http://www.accountingweb.com/item/52249 


"Homer Never Nods:  The importance of The Simpsons," By Jonah Goldberg, NRO editor, National Review, May 1, 2001 --- http://www.nationalreview.com/01may00/goldberg050100.html 

In a wonderful essay in the December issue of Political Theory, University of Virginia English professor Paul Cantor makes a strong case that The Simpsons celebrates many, if not most, of the best conservative principles: the primacy of family, skepticism about political authority, distrust of abstractions. For example, as Cantor points out, the residents of Springfield are more religious than almost any other cast on television today. Springfield residents pray and attend church every Sunday.

Many detractors look at Homer Simpson, the oafish father, or at Bart, the proud underachiever, and assume—partly because the show is a cartoon, partly because it is on Fox—that the program is a cheaply drawn version of Married . . . with Children. The reality is that virtually every episode ends on an uplifting note (a distinct contrast with, say, the more nihilistic hits of the 1990s like Seinfeld): Homer’s authority is affirmed, albeit tenuously, and family bonds are tightened. Many think the show is anti-family values (Homer: “Oh, my God! Space aliens! Don’t eat me! I have a wife and kids. Eat them!”), when in fact the show is vastly more honest about family life than most other programs—and is therefore more affecting. Homer: “Wait, that’s it! I know now what I can offer you that no one else can . . . Complete and utter dependence!”

Indeed, Homer is probably the greatest parody of them all. Because he is a fool, he offers a perfect way to mock the shortcomings of the increasingly soft American male. “To alcohol,” he toasts, “the cause of, and solution to, all of life’s problems.” At the same time, because he is a fool, when he is right about something he is the perfect foil against elite received wisdom: “The information superhighway showed the average American what some nerds think about Star Trek.”

Sadly, the show has declined somewhat this season, partly because there are so few issues left for the writers to tackle. Still, its impact on an entire generation can’t be overstated. And it gives proof of the axiom that if you think there’s nothing good on TV, you’re not looking hard enough.


When I have to translate one foreign currency into US$ or other currencies at current FX rates,  I simply type in the amount in the highly useful calculator at http://www.xe.com/ucc/ 

If you forget the above URL, you may conduct a word search for FX in my homepage at http://www.trinity.edu/rjensen/ 


"The Battle to Define the Future of the Book in the Digital World." by Clifford Lynch, First Monday,  vol. 6, no. 6, June 4 2001) --- http://www.firstmonday.dk/issues/issue6_6/lynch/index.html 

Commercial publishing interests are presenting the future of the book in the digital world through the promotion of e-book reading appliances and software. Implicit in this is a very complex and problematic agenda that re-establishes the book as a digital cultural artifact within a context of intellectual property rights management enforced by hardware and software systems. With the convergence of different types of content into a common digital bit-stream, developments in industries such as music are establishing precedents that may define our view of digital books. At the same time we find scholars exploring the ways in which the digital medium can enhance the traditional communication functions of the printed work, moving far beyond literal translations of the pages of printed books into the digital world. This paper examines competing visions for the future of the book in the digital environment, with particular attention to questions about the social implications of controls over intellectual property, such as continuity of cultural memory.

Contents 

Issues of preservation, continuity of access, and the integrity of our cultural and intellectual record are particularly critical in the context of e-book readers and the works designed for them. These have enormous importance both for individual consumers and for society as a whole, and for libraries, which manage much of the intellectual archives of our society. Most fundamentally, we face the question of whether libraries can continue to collect books as they move to digital form, particularly in mass-market publishing. We must not overlook these issues in our rush to adopt e-book readers and content distributed for them, and libraries will have a special obligation to speak out on these issues and to educate society about them, while also trying to work out viable arrangements with the content industries.

Finally, we must continue to recognize that digital books, in the broadest sense, are at least potentially much more than simply digital content translated from the print framework that can be viewed by e-book readers promoted by today's publishing establishment and technology providers as part of an agenda of market share, new revenue opportunities, or control over content. Digital books, in all of their complexity and potential, are as yet only dimly defined, and will be a continued focus for the creativity and ingenuity of present and future generations of authors, teachers and scholars.

I have argued at length here that the printed word, and particularly its manifestation in the book, holds a very special and privileged place in our culture and our society. As we think about the migration of authoring to the digital medium, the book - rather than other cultural products such as musical works - should be the benchmark against which we measure and test our assumptions and beliefs about the roles and uses of intellectual property in the new environment. We must remain mindful of this distinction, and not constrain the virtually unlimited potential of the digital medium to the traditions and business interests that have coalesced around the printed book over the centuries and that may now seek both to define a new canon of "book" in the digital world, regaining the control of the digital printing press that they suddenly lost with the creation of the World Wide Web, and to surround these new ebooks with new technology-enabled controls on content. We need to be careful not to prematurely marginalize any of the new genres the digital medium may enable. The most compelling case for ebooks as relatively literal of the printed book is based on greater convenience and ubiquity of access, and somewhat enhanced use. The case for digital books broadly, as new genres of works, is about more effective communication of ideas, enhanced teaching and learning, and renewed creativity. While the first case is a good one, if the price is not too high (in social as well as economic terms), the second case is truly compelling and inspiring. The future digital book will take us far beyond today's printed books and publishing industry, in many different and sometimes unexpected directions, though our points of departure will inevitably be an important influence. Let us welcome the journey and be open to many destinations; we will find treasures and wonderful surprises along the way.

Bob Jensen's threads on electronic books can be found at http://www.trinity.edu/rjensen/ebooks.htm 


It's time to dig out my Rocket e-Book that has been gathering dust in one of my file drawers.

"Franklin Has Some New E-Book Pals," By M.J. Rose, Wired News, July 3, 2001 --- http://www.wired.com/news/culture/0,1284,44958,00.html 

Hoping to entice more readers, Franklin Electronic Publishers has entered into relationships with AlexLit, MobiPocket.com, St. Martin's Press Prepare, The Wall Street Journal Online and Reciprocal.

The affiliations will add an estimated 3,000 titles and hundreds of news articles to EbookMan's offerings by the end of the summer.

"It's been clear from the beginning that the availability of content is key to widespread adoption of e-books," said Barry J. Lipsky, chief executive officer of Franklin Electronic Publishers, creators of the reading device.

Bob Jensen's threads on Rocket e-Books can be found at http://www.trinity.edu/rjensen/ebooks.htm 


How many Microsoft Press books can you afford to buy? What if you could just pick the chapters you want from each book and make your own book of specialty advice and techniques? Now you can! http://www.accountingweb.com/item/51821 


The State of E-Learning in the States, National Governors Association --- http://www.nga.org/center/divisions/1,1188,T_CEN_ESS^C_ISSUE_BRIEF^D_2125,00.html 

These findings and observations come from a National Governors Association (NGA) Center for Best Practices' e-learning survey of states conducted in April 2000. The survey sought information on what measures and programs states are planning and implementing with regard to postsecondary and adult work-related e-learning and what challenges they are finding. The survey results are illustrative rather than statistically representative. A list of questions posed to states, a summary table of findings by state, and a list of state e-learning contacts are provided in appendixes.

"E-learning" - instructional content or learning experiences by electronic technology - is expanding rapidly, and this technology is transforming how and where students learn. States are using multiple strategies to expand their postsecondary e-learning capabilities for adult-centered, work-related education and training.

The state of e-learning in the states is that most of these measures are being implemented in most states. States are beginning to take advantage of the myriad of options made possible by new learning technologies, as they develop and expand their capacity to enhance the skills of a workforce preparing for the knowledge economy.

The second report, directed to the nation's governors and corporations, addresses the following questions:

A summary of "A Vision of E-Learning for America's Workforce" and link to the complete report (in PDF format) are available online at http://www.nga.org/center/divisions/1,1188,C_ISSUE_BRIEF^D_2128,00.html 


"Second Annual EDUCAUSE Survey Identifies Key IT Issue." by Roberta Lembke and Julia Rudy

Comparing the top ten issues for all institutions across all four questions, three issues emerge as important in all four areas, that is, they are of strategic importance now, they have potential to explode in strategic importance, they warrant the IT leader’s attention, and they demand great expenditure of resources. These three issues are

Three issues are in the top-ten lists for three of the four areas. IT funding strategies is found in the top ten in the first three areas, but understandably not in the fourth, that is, demanding human and/or financial resources expenditures. Building and maintaining network and IT infrastructure also appears in three of the four lists, missing only from the list of issues that have potential to explode in the future. Perhaps this is because this challenge would not generally be thought of as “explosive,” but instead is more steady-state and ongoing (and already exploded). Finally, online student services is not one of the top ten challenges garnering IT leaders' attention, but is a strategic issue now and for the future, as well as requiring significant institutional expenditures.

Five other issues are listed in the top ten for two of the four questions. Faculty development, support, and training and electronic classrooms/technology buildings are both among the top issues of strategic importance and garnering resource expenditures. The challenges surrounding IT-related teaching and learning strategies are strategic in importance now as well as potentially explosive, and IT strategic planning is of critical importance to the institution and demands attention from IT leaders. In both of these cases, however, one can see that these are not challenges that can be resolved simply by “throwing money” at them. Support services challenges are no longer viewed as strategic nor are they potentially explosive but continue to demand IT leadership attention and substantial expenditures.

Unique issues that consume IT leaders' time include:

It is not surprising that IT administrators would spend time on these challenges, even though they do not appear to be either strategic or potentially explosive. Who better than the CIO to provide leadership for IT, to oversee the IT organization and service delivery, and to be concerned with managing change, given the continually shifting IT landscape and the consequent transformation it spurs on campus?

If one looks broadly at the issues it is interesting to see that 7 of the 10 top ten issues that consume the CIO’s time relates to management and planning issues. In comparison, only 3 of the 10 issues thought to be of strategic importance to the institution could be classified as management or planning related. It is also of interest that 4 of top ten issues of strategic importance are related to teaching and learning, while only one of the issues (distance learning) made the top ten issues for consuming the CIO’s time.

Issues that appear on the list of challenges most likely to explode in the future (Question #2) that do not appear on the other overall lists are:

It is interesting to note that all four of these issues relate to campus networking, be it on campus or off.

Finally, on the top-ten list of IT-related issues demanding the greatest expenditure of human and fiscal resources there are two unique issues: desktop computing management and Web-based systems development and integration. Desktop computing management involves technology refreshment cycles, clearly one of the most resource-intensive IT-related challenges. Web-based systems development and integration just barely missed the top-ten rankings for both Question #1 and Question #2. It would appear that the expenditure of resources in this area is actually slightly ahead of recognition of its current or emerging strategic importance to institutional success.


"Upstream: Video Searching," By David Voss, Technology Review, July/August 2001

With text documents, you can type in a query, and a piece of software finds the matching text strings. Searching video is much tougher. Unless someone has gone back and somehow marked the video data, it's now nearly impossible to find a specific image. A content provider like CNN has more than a hundred thousand hours of tape in its video archive—far too much for any human to view and annotate manually. Now a small but growing number of labs are searching for novel ways to better navigate the video glut.

These are still early days for video indexing and retrieval. A few existing Web search engines like AltaVista can find some video clips, but they only return those that are on Web pages with text that can be searched by keywords. Likewise, San Mateo, CA-based Virage has developed a search engine for ABCNews.com that allows the transcript of a broadcast to be searched; the search, however, is also by keywords, and the video is played from the point at which the specified word occurred. None of these systems provides direct image searches—in other words, a video answer to the command "give me all the clips of an astronaut outside the space station Mir."

Video-search and database tools that directly find images can be far more powerful than keyword searches. At Columbia University, a team led by Shih-Fu Chang is developing software that can search a video for particular features in the images—such as shape, color and motion. For example, you could select a static image from a catalogue and have the software find close matches in the video frames. Or you could make a simple sketch of a blob, with a few arrows to show how it moves, and the system finds video segments that match these features. For instance, you could roughly sketch the shape of the Mir space station and a human figure moving outside it.

This kind of direct image query could be especially useful for large databases of video records. Chang's group has been researching ways to extract information from medical-exam videos. Every year at Columbia-Presbyterian Medical Center, "ten thousand echocardiograms [ultrasound movies of the heart] are performed," he explains. "Each is about a half-hour long, and they get put into a tape library." A cardiologist then has to look up the ultrasound to make a diagnosis, wasting a lot of time fast-forwarding and rewinding through the tape. Much better would be an automatic way of detecting signs of heart ailment in the video stream. Chang's software first parses the ultrasound video into segments by looking for sharp changes in image content—when the view on the ultrasound display is switched to another angle, for instance. Each segment is then processed by a "view recognizer" that matches the images to known images of abnormal events and flags any suspected heart conditions.

At Carnegie Mellon University, researchers are creating a digital library that combines natural-language processing, speech recognition and image analysis. "The integration of these different technologies is the key," says Howard D. Wactlar, director of the Informedia Digital Video Library Project at Carnegie Mellon. A prototype captures news broadcasts from around the world and stores them, along with summaries or storyboards. Someone can then type in a question, or just utter the question aloud: "Tell me about oxygen problems on the Russian space station Mir." All the relevant news clips are displayed as frame icons you can click on. The system is also incorporating face recognition to make it possible to call up all the clips of a particular person (see graphic above).

It will be some time before direct video searches become routine. But if today's research pays off, finding a video needle in the immense multimedia haystack will be no more difficult than typing in a few words—or maybe sketching out a simple image.


My favorite search engine, Google, launched an image search engine (in Beta test mode) at http://images.google.com/ 

Also note Google's other options at http://images.google.com/help/features.html 

•Image Search 
•Web Page Translation 
•PhoneBook 
• PDF Files 
• Stock Quotes 
• Cached Links 
• Similar Pages 
• Who links to you? 
• Site Search 
• I'm Feeling Lucky 
• Dictionary Definitions

For example, the search term "accounting" led me (using http://images.google.com/ ) to exciting images of accountants, spreadsheets, etc.

The phrase "Bob Jensen" led me to a picture of me (along with 25 images that were not about me).  One of the images not about me was a page from the Cedar Falls 1959 High School Yearbook.  This suggests how far Google has gone to put images in the image database.

Try the term "Rembrandt" and see what pops up.

The term "porn" leads to the Seal of the President of the United States --- which in context has a link to pledge to protect children from pornography.  There are also some soft porn images even when Google's Mature Content Filter is turned on (the default setting is to turn on this filter).  Google warns that the filter will not necessarily block all pornographic images.

What I am impressed with is how much faster it is to search hits in image form rather than text hits.  A picture is worth 1,000 words.

Bob Jensen's search helpers can be found at http://www.trinity.edu/rjensen/searchh.htm 

Replies from Jane Fedorowicz andJagdish Gangolly

On Tue, 10 Jul 2001, Jane Fedorowicz, Bentley College wrote:

> This is scary. I typed in my last name and up popped two pictures of me!

On Tue, 10 Jul 2001, Jagdish Gangolloy from SUNY Albany wrote:

Out of curiosity, I put a search in my name. Interestingly, many images from my classnotes and other materials appeared, but not my mugshot. That, was buried in "repeat the search with omitted results included" link. It made me happy.

Interestingly, the mugshot buried in my serverpages was not there, but the one in our school faculty pages was. That confirmed what I had expected -- google is based on a network model of statistical frequencies of links. Eventhough both my serverpages and the school pages are indexed by google, the school pages must have higher link frequencies.

Actually, this is a fairly "dumb" search in that the images are indexed, and would appear in the search only if the names match. For example, my mug shot in the school pages is: www.albany.edu/business/ faculty/gangolly.htm  (if it had been named fac.gang01.htm it would have been lost to posterity). Since it was buried in the business directory, it did not show up on top of the search. On the other hand, images in my classnotes such as www.albany.edu/acc/gangolly/ssa3.html  did show up on top since they are linked extensively (besides, who would like to suffer an old coot's mug shot?).

I was a bit disappointed. In the long run, I would like to see search facilities where given a description of the person, the person's mug shot is retrieved. While its misuse may be scary, its impact on business will be nothing less than revolutionary. Let me give an example.

A few years ago, my daughter (who was then in grade school) harrassed me into taking her to a Burbank studio for the taping of a sitcom. While there, we noticed a clownish fellow shuffling around the set doing nothing but pretending to be very busy. One in the audience asked who it was. The person turned to be assistant propmaster -- perhaps one of the most important position in studios.

I am talking about systems where I can ask a SQL query for "get me all paintings in the collection done between 1850 and 1935 in which the are two Grecian Columns and a lady with a parasol". Imagine what such systems would do to inventory systems for studios and museums, and the audit of such organisations, importance of propmasters notwithstanding. Building such software systems will need pattern recognition, natural language understanding, and a bunch of other things.

Jagdish -- Jagdish S. Gangolly, Associate Professor ( j.gangolly@albany.ed ) State University of New York at Albany, Albany, NY 12222. Phone: (518) 442-4949 Fax: (707) 897-0601 URL: http://www.albany.edu/acc/gangolly 

Reply from Ron Huefner

Hi Bob:

I want to thank you for all the things you send out. This one had a quick payoff for me. Family genealogy is my hobby. I typed in my mother's maiden name (to the Google image search) and found a photo/web site of a young man by that name in Germany. I e-mailed him and he replied giving me two contacts in Germany who are knowledgeable on that family's history. This is likely to open up lots of new information for me. Thanks for your help.

Ron Huefner [rhuefner@acsu.buffalo.edu

Reply from Amelia Balwin

this is quite entertaining. I searched on my name and got 6 images, most of which are just odd graphics but two of which are of people with whom I have co-authored! (none of me)

weird... 

Amelia A. Baldwin, Ph.D. 
Arthur Andersen Faculty Fellow & Associate Professor 
Culverhouse School of Accountancy, Box 870220 

The University of Alabama, Tuscaloosa, Al 35487-0220 Ph: 205-348-2922 Fx: 205-348-8453 
Email: abaldwin@cba.ua.edu 
Web: http://www.webprofessor.org 

 


"Porn sneaks past search filters," By Paul Festa, CNet News, July 2, 2001 --- http://news.cnet.com/news/0-1005-200-6416982.html?tag=tp_pr 

The shortcomings of porn filters were on display last week when Google launched a test version of a search engine for images with an optional filter for what it terms "inappropriate adult content." Even with the filter turned on, Google is serving a healthy dose of pornographic images, often for keywords with primarily nonsexual meanings.

"The filter removes many adult images, but it can't guarantee that all such content will be filtered out," Google acknowledges on its Web site. "There is no way to ensure with 100 percent accuracy that all adult content will be removed from image search results using filters." 

Google is hardly alone in the uphill battle to filter pornographic and other sensitive images. Technology companies devoted to image recognition acknowledge that the state of the art is still crude, yielding inexact results at the cost of computing power.

While technologists struggle to improve their tools, the market for image filtering is the subject of dispute. Google cites the need to protect its "sensitive" users, while search destination AltaVista touts its own filter as indispensable.

"A picture says a thousand words, so we want to make sure that the image search is filtered by default," said AltaVista spokeswoman Kristi Kaspar. "We find that quite a few people are using the image search database for school. And what a huge turnoff if we're in an education market with a great product and we couldn't figure out how to provide a family filter."

In another demonstration of potential demand for better image-filtering technology, Lycos deemed the available technology so inadequate that the site's parental controls disable multimedia search altogether.

Some in the image-recognition business see a burgeoning corporate need to identify what kind of images their employees are downloading, while others extend the technology to e-commerce applications that can recognize a product such as an article of clothing and find similar examples for sale elsewhere.

But according to at least one image search provider, actual use has not lived up to perceived demand.

"Image filtering is something where we're investing a lot of (research and development) because we think it's going to be an essential feature," said Tom Wilde, vice president of marketing at Fast Search & Transfer, an Oslo, Norway-based company that is the search technology provider for Lycos.com and other Web portals. "But there's a difference between the perception of growing market demand and what's actually happening. At our All The Web portal, 98.6 percent of our visitors are using the image search without the content filter on."


A new browser add-on called ActivatorDesk blocks banners, cookies, programs and -- if you want -- just about the whole Internet --- http://www.wired.com/news/technology/0,1282,45069,00.html 


Fantastic Photographs 

The Calvin Photographic Collection (Black and White, Nineteenth Century historical photographs from a geology professor at the University of Iowa) --- http://www.uiowa.edu/~calvin/ 

Art of the Architect --- http://www.high.org/ 

Street photographs of NYC
Streetstudio: Enos & Ghukfvin --- http://www.streetstudio.com/ 

Images from the San Francisco Bay area --- http://www.stretcher.org/ 

Great Images in NASA --- http://grin.hq.nasa.gov/ 

Volcano Live --- http://www.volcanolive.com/ 

neumu (contemporary reviews of art, music, drama, and literature) http://www.neumu.net/ 

Time's summary of America's Best (Current) Artists and Entertainers --- http://www.cnn.com/SPECIALS/2001/americasbest/ 

**********************************************************

Fantastic History

HistoryWorld --- http://www.historyworld.net/ 

World History consists of some 400 separate Histories AND 4000 tagged events. Choose HISTORIES to read a chosen subject, and to move seamlessly from one History to another. Try TOURS to travel through time on your own selection of interconnecting trails. Use WHATWHENWHERE to discover what was going on at any moment.

TIMELINES are where you should go to find images, and to set them in their historical context.

SPECIALIST ARTICLES are contributed on their own subjects by HistoryWorld's partners.

GO TO PARAGRAPH

Each paragraph in Histories and Specialist Articles has its own code, visible in the bottom left corner of the screen. If you take a note of the code, you can insert it (in a prompt box)  and go straight to the paragraph.

The Pentagon Papers Case - "secrets, lies, and audiotapes." --- http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB48/ 

In coming days, this Electronic Briefing Book will add copies of the specific documents in the Pentagon Papers that were cited by the government in various public and secret legal papers as creating immediate harm to U.S. national security. Archive senior fellow John Prados has carried out an exhaustive cross-referencing project using the recently-declassified secret briefs submitted by the government to the courts, together with each of the various editions of the Papers, including the New York Times paperback version (highly condensed and selective), the multivolume Government Printing Office version (officially declassified), Senator Mike Gravel’s edition read into a Senate subcommittee record and subsequently published by Beacon, and the four negotiating volumes (which Daniel Ellsberg did not leak) declassified in 1977. Stay tuned for an illuminating documented discussion of secrecy and lies.

British Pop Culture in the 1960s --- http://www.sixtiespop.com/ 

 


This is a fun game for accountants and accounting students.

See the link below for a Jeopardy type game. I have a category for "Famous Accounting Professors".

http://www.virtualpublishing.net/jeopardy3/index.html 

The program code was written by Jack Jensen of OnWeb technologies, modified with my content with permission.

Richard J. Campbell 
www.VirtualPublishing.NET
  
mailto:campbell@VirtualPublishing.NET
 


Recent discoveries and advances by Harvard researchers:
Research Matters at Harvard University http://www.researchmatters.harvard.edu/ 


First Research, Inc. Publishes seven- to fourteen-page targeted Industry Profiles on over 100 industries. These Industry Profiles will help you with everything from Business Valuations to Audits to Sales & Marketing Call Preparation. The profiles have just been updated and new selections are being added every month! http://www.accountingweb.com/firstres/index.html 


Educational Resources Information Center:  List of 85 New Eric Digests (Education References and Education Technology) --- http://www.ed.gov/databases/ERIC_Digests/index/2001-6-19.html 

Digests Database --- http://www.ed.gov/databases/ERIC_Digests/index/ 


Do you know the "price" of a free Internet-connecting service?  Think twice about this price.  
"The Price You Pay for Free Net Access," by Brock N. Meeks --- http://www.msnbc.com/news/593347.asp  

WHEN YOU sign up for this (Juno's) “free” Internet service, your computer becomes hostage to cloaked Juno programmers doing the bidding of cackling account execs. For starters, Juno subscribers must agree to turn over control of their computers to “one or more pieces of software” that the company says it will install automatically. Subscribers have no “opt out” provision for this except ditching the service altogether. This mystery software is dubbed “computation software,” which Juno describes as “designed to perform computations, which may be unrelated to the operation of the service.” Yeah, that’s real comforting. Further, Juno says you must allow other companies it has deals with to take control of your computer. Those companies also are allowed to perform “computations” (read: statistical information-gathering from your personal computer).

So Juno subscribers are made to subject their personal property to the covert marketing and corporate intelligence-gathering whims of other companies. For example: “Just how many Juno subscribers are running AOL compared to MSN?” a certain Redmond, Wash.-based software heavyweight might want to know and be allowed to know if it makes a pact with Juno to “query” your computer every so often with “computation software.” (MSNBC is a Microsoft-NBC joint venture.) After Juno vacuums up all that data, it then transfers it back to Juno HQ, where it’s sliced and diced and sold off. If this weren’t bad enough — and it is — Juno tells its customers that it “may require” their computers be “turned on at all times” and that it has the right to turn your hip little screen saver into the equivalent of a digital billboard for


Finding a sex vacation is an easy task online, but AIDS experts complain it's only helping spread the deadly disease. Julia Scheeres reports from Puerto Plata, Dominican Republic --- http://www.wired.com/news/ebiz/0,1272,44888,00.html 


The FASB Goodwill Games --- http://accountingeducation.com/news/news1941.html 

Those interested in how to handle the new FASB rules on business combinations and goodwill can now go to www.cfo.com and view their special report "The Goodwill Games: How to Tackle FASB's New Merger Rules."

Senior financial executives will likely experience a similar range of emotions while wrestling with the Financial Accounting Standards Board's new rules for business combinations, goodwill, and intangibles.

Use CFO.com's special report for tips on tackling the impairment test,
avoiding Securities & Exchange Commission inquiries, finding valuation
experts, and more.

To read the Goodwill Games Special Report, click here: http://www.cfo.com/FASBguide


Prospective FBI chief Robert Mueller brings with him a history of busting malicious hackers. Also: Thought police in Ohio, free speech in Florida, and Congress calls for dot-kids. All in Declan McCullagh's notebook --- http://www.wired.com/news/politics/0,1283,45071,00.html 


Oracle Corp., the second largest software company behind Microsoft, has announced a partnership with NetLedger, the online source for financial, marketing, and customer applications software. The team plans to compete head-on with Microsoft's bCentral.com. http://www.accountingweb.com/item/51108 


It is obvious where the President of Financial Executives International, Phil Livingston, stands on the issue of booking employment stock options at fair value --- http://www.fei.org/newsletters/express/feiexpress66.cfm 

IASB and Stock Option Accounting
Leading compensation consultant Frederick Cook put out an alert this week on this matter. The new IASB is considering reopening the option accounting debate, after a decade-long battle in the United States that put the issue to rest. Fred makes the important point that currently, this is one subject on which global accounting standards already exist. No country requires a fair value expense for fixed-term, at-the-money options granted to employees. All countries permit the grant-date, intrinsic value method allowed by the FASB. So, this isn't a global harmonization move, but rather another step in the endless and relentless media, academic and regulator movement to intervene in corporate governance matters through accounting rules and undermine employee stock option programs they are so envious of. Read Fred's update for more discussion.


Dear Bob,

I wanted to alert you to the fact that I've posted a new article to the Kawaller & Company web site – "The Impact of FAS 133 on the Risk Management Practices of End Users of Derivatives." This survey was commissioned by the Association for Financial Professionals. You should be able to access it by clicking on the link below:

http://www.kawaller.com/pdf/Survey_results.pdf 

If you have trouble viewing the article, copy the link above and paste it into the address field of your browser, or go to www.kawaller.com and click on the "Articles" link. The survey is the very last article listed in the section titled "Articles Relating to General Derivatives Markets."

I'd welcome your feedback or any questions that you might have. Please feel free to email me or call.

Ira Kawaller Kawaller & Company, LLC (718) 694-6270 kawaller@idt.ne  
www.kawaller.com
 


Get your FREE download of MSN Explorer at http://explorer.msn.com 


From SyllabusWeb on July 3, 2001

Waterloo Maple, a provider of advanced software products for mathematics education, research, and industry, recently launched a new Web site, http://www.maple4students.com/ . The site offers free resources to students in mathematics, science, and engineering. Content includes tutorials, course-specific examples, and general reference information. Instructors can also take advantage of the site with links to educational PowerTools, Waterloo Maple's suite of free, full-powered add-on packages. These include complete sets of curriculum material for various college and university level courses, including calculus, linear algebra, and engineering mathe- matics.


Hi Geoff,

Peachtree is a professional and very sophisticated software system that requires a background in accounting as well as training in using the software. The fundamental warning about accounting software is called GIGO, Garbage In, Garbage Out. Use of such software requires a lot of accounting savvy.

Having said this, you might suggest some Peachtree videotape training. One such tape from Learn2 is
 http://store.learn2.com/basket/assets/products/40.asp?dept_id=1  
If you order a Learn2 tape or CD, ask for priority handling. I found that Click2 fills orders very slowly.

Other Click2 accounting software videos are linked at 
http://store.learn2.com/basket/dept.asp?dept_id=1
 

I use Click2 training videos and CDs for various types of software, and I have found them to be quite helpful.

For books and other training aids, go to Google's Advanced Search and enter the Exact Phrase "Peachtree Training" and you will find many other alternatives.  See http://www.google.com/advanced_search 

But I would never recommend using Peachtree without accounting skills. You can find a somewhat helpful accounting tutorial by my good friend Dan Gode (NYU) at http://www.almaris.com/fact/fact-overview.htm 

Hope this helps.

Bob (Robert E.) Jensen Jesse H. Jones Distinguished Professor of Business Trinity University, San Antonio, TX 78212 Voice: (210) 999-7347 Fax: (210) 999-8134 Email: rjensen@trinity.edu http://www.trinity.edu/rjensen

-----Original Message----- 
From: XXXXX 
Sent: Tuesday, July 03, 2001 3:36 PM To: rjensen@trinity.edu Subject: Peachtree education

I found your name and address through searching the Web for 'Peachtree training'. We live in Mundelein, not far from the Trinity campus.

After reading some of your material, I thought you might be able to help me find a solution for a friend's problem. She is a Christian woman who has wanted for many years to leave the world of work in restaurants and bars, but who has few other skills. Another friend told her of a job opening as a bookkeeper in an office that uses the Peachtree Accounting package; she would like to learn the needed skills, but doesn't know where to start. She considered buying the software (about $250), but at her skill level, loading it and sitting down to learn it might not work - - unless it has a very good tutorial. Amazon.com has no shortage of Peachtree books, including "Peachtree 8 for Dummies,' and there are many companies on the Web advertising training for the product, but none I've found around here and none that seem to want to work with an individual. College of Lake County teaches several software packages, but apparently not Peachtree.

If she were your friend, what would you suggest?

Thanks for your time!


QuikCondoms.com (sexual advice for students headed to college, including light-sided history of sexual topics intended, I assume, to attract visitors to the site)  --- http://www.quikcondoms.com/ 


Steven Gagnon's art is a bit too far out for me --- http://www.stevengagnon.com/ 


Dear Professor Jensen,

Over here at Gemteq Software, we are preparing to launch Version 2.0 of our eGems Collector Pro software, and are aggressively seeking beta testers. Would you be willing to post this appeal on your site or newsletter? Or recommend other newsletters or list servs where I could post?

"Gemteq Software is seeking immediate beta testers for its second version of eGems Collector Pro, a PC-based software application for quick capture and archiving of research "gems" from electronic sources such as the Internet. All active beta testers who file a Bug Report by August 15 will receive a free full version of the product when out this fall. Please see: http://www.egems.com/betatest/ ."

Thank you very much!!

Paula Irons VP Marketing/Business Development Gemteq Software, Inc., www.egems.com 936 Seventh St., Suite R, Novato, CA 94945 ph: (415) 899-8103; fax: (415) 897-2800

* eGems Collector Pro, a 2001 Codie Awards Finalist! *


Computers have a way of causing frustration previously unknown in the workplace. Before you turn gray or heave the machine out the window, here are a few simple routine maintenance tips and record keeping ideas to help you and your computer -- and your business -- run faster and more smoothly. http://www.accountingweb.com/item/50556 

Note the advice to restart your computer at least once a day!


Response to an inquiry about cross-cultural communications between China and Australia.

Hello Mona, 

I appreciate your interest in my work. My Web site index is at http://www.trinity.edu/rjensen/ 

I deal mainly in specialty areas of accounting and in education technologies. Cross-cultural matters in educational technologies are touched upon in various documents linked at http://www.trinity.edu/rjensen/000aaa/0000start.htm 

A few references that might be of particular interest to you are as follows:

Simon Fraser University: David See-Chai Lam Centre http://www.cic.sfu.ca/  

China and Australia --- http://www.fmprc.gov.cn/eng/4306.html  

Australia China Trading House --- http://www.acthouse.com.au/thinkact.asp  

International Journal of Cross Cultural Management --- http://www.sagepub.co.uk/frame.html?http://www.sagepub.co.uk/journals/details/j0326.html  

"Dear Student: We Pay If You Stay" --- http://www.wirednews.com/news/culture/0,1284,38080,00.html 

I hope this is of some help to you.

Bob Jensen


Hi Brenda,

Actually, I do not have any virtual factory tours to recommend.

However, just for kicks, in the Exact Phrase box in Google Advanced Search, I entered the search phrase "Virtual Factory Tour" and noted hundreds of hits. With patience, you might find a few hits that are worthwhile. The URL is http://www.google.com/advanced_search 

If you have some funds, Ceil Pillsbury's brother-in-law supervised the development of a $1 million CD Pack (for Arthur Andersen) entitled Mastering Markets: Foreign Exchange. This has the flavor of an interactive virtual tour and simulation. Ceil has been on leave, but will soon return to the University of Wisconsin at Milwaukee. She might be able to tell you more about what is happening at AA.

Although it is not a virtual tour per se, I really like the interactive network learning simulation called Mike's Bikes at http://www.netmike.com/  The lead developer on this is Pete Mazany from the University of Auckland. Pete has exceptional skills and will be able to provide more information in interaction learning simulations. His email address is pmazany@visionplus.co.nz 

Sorry I can't be of more help on this. The top virtual reality simulations were developed by the U.S. Military. Unfortunately, most of these are highly classified.

Bob Jensen


Impress your students and your friends
Dictionary of Difficult Words --- http://www.lineone.net/dictionaryof/difficultwords/ 

Bob Jensen's links to other dictionaries can be found at http://www.trinity.edu/rjensen/bookbob3.htm 


To each her own
A "statement on feminine empowerment" through tattoos embroidered on dolls --- http://www.daintytime.com/tattoo/gallery/ 


Below is a description of the July/August 2001 issue of The Technology Source, a free, refereed Web periodical at http://horizon.unc.edu/TS/default.asp?show=issue&id=43 

Please forward this announcement to colleagues who are interested in using information technology tools more effectively in their work.

As always, we seek illuminating articles that will assist educators as they face the challenge of integrating information technology tools in teaching and in managing educational organizations. Please review our call for manuscripts at http://horizon.unc.edu/TS/call.asp  and send me a note if you would like to contribute such an article.

Jim -- James L. Morrison morrison@unc.edu Professor of Educational Leadership CB 3500 Peabody Hall Editor, The Technology Source UNC-Chapel Hill http://horizon.unc.edu/TS  Chapel Hill, NC 27599 Editor Emeritus, On the Horizon Phone: 919 962-2517 http://www.camfordpublishing.com  Fax: 919 962-1693

IN THIS ISSUE:

Darrell Butler leads off this issue with an account of faculty and staff development at the grassroots level. At Ball State University, a small cadre of professors is spearheading the integration of information technology into teaching and learning. Organized not by administrative initiatives but by a common interest in technology's role in teaching and learning, members of this unique group represent disciplines across campus and meet regularly to discuss the theoretical issues and practical applications of technology in education. Butler's article provides the background for the three case studies in this issue, all of which were written by members of Ball State's faculty technology group. (See http://horizon.unc.edu/TS/default.asp?show=article&id=904 )

In the first case study, an education professor describes her use of the Web to showcase creative student ideas and archive them for general use by the wider academic community. Susan Tancock, who teaches a course on literary methods for preservice teachers, always encouraged her students to develop and share best practices in literacy education. Until recently, she recorded these practices in a single, limited location: a traditional notebook accessible only during class and computer lab hours. As she designed her first course Web site, Tancock realized the potential for an electronic repository that would give preservice and practicing teachers alike immediate, 24-hour access to a wealth of education resources. Read on to find out how she transformed that standard notebook into an online database and how her students augment it each semester--not only though the generation of ideas but also through hands-on construction of their own Web pages. (See http://horizon.unc.edu/TS/default.asp?show=article&id=885 )

In the second case study, William Bauer not only gives TS readers a look at the use of Internet technology in music education, he also provides a good summary of how computer technology can enhance learning in the traditional, face-to-face classroom. Bauer has carefully integrated some of the Internet's most common and useful tools in his courses in music education, yielding a well-reasoned balance between traditional and computer-based teaching practices--a refresher for those seeking to improve their classroom teaching. (See http://horizon.unc.edu/TS/default.asp?show=article&id=884 )

In the third case study, Darrell Butler describes how he uses computer technology when he teaches large lecture classes. Butler has formulated an innovative strategy: he assigns students personal learning projects, providing a means to employ student-centered pedagogies in an instructor-centered course. As a result, computer technology can help students with many aspects of the projects and it reduces Butler's workload. See http://horizon.unc.edu/TS/default.asp?show=article&id=864 )

James Morrison's interview with Jeanne Meister is an excellent commentary on the state of corporate e-learning--its advantages, its challenges, and its future. Corporate universities, educational organizations that develop the competencies of employees, suppliers, and even customers, are innovative, flexible, and increasingly important, Meister argues. She highlights a number of their best practices--including the "apportionment" of learning, learner control of curricula, and the combination of synchronous and asynchronous components--and points to a future in which corporate universities will increase their ties to traditional universities, leverage their knowledge to customers, and become involved in elementary and high school education. (See http://horizon.unc.edu/TS/default.asp?show=article&id=888 )

Thomas A. Marino has the following commentary for instructors considering developing information technology tools for teaching and learning: look before you leap. Marino points out that a number of pitfalls await those who head down this path, from scarce hardware, software, and funding to a lack of support from administration, faculty, and students. Ultimately, Marino believes that IT tools help students learn, but the choice to use these tools involves a number of risks--especially for untenured faculty members--that Marino carefully points out in his insightful essay. (See http://horizon.unc.edu/TS/default.asp?show=article&id=888

Robert Burnside's commentary on the state of e-learning and corporate and university education is bound to raise some eyebrows. Burnside, the research director of Corporate University Xchange, argues that corporations, technology providers, and traditional and online universities should bury the hatchet and agree to work together to provide the education and training needs of today's working adult learners. Citing examples of successful collaboration, Burnside notes that "our current best hope is to seek collaboration among partners who once viewed each other as competitors, but who can gain much by working together." (See http://horizon.unc.edu/TS/default.asp?show=article&id=882 )

Peshe Kuriloff suspects that the "one size fits all" approach to e-learning employed by course management systems actually hinders effective teaching. Course management systems, argues Kuriloff, threaten the unity and individual identity of custom-designed course materials, contain embedded assumptions about pedagogy to which instructors must conform, and constrain innovation. In sum, "they present a threat to future innovations in teaching and learning." Kuriloff's penetrating commentary is another chapter in the debate over these systems. (See http://horizon.unc.edu/TS/default.asp?show=article&id=899

Internet users frustrated with the performance of conventional search engines might want to check out the tools described by Rich Cummins: "searchbots" that return specific, useful hits for Internet queries. Unlike regular search engines, searchbots--downloadable programs available for free or a modest fee--search within defined parameters and in specific sections of the Web. Most also summarize the results of a search in a Web page or bibliography that can be saved along with the search string. All in all, says Cummins, this more advanced way of searching saves researchers and casual surfers alike time and energy. (See http://horizon.unc.edu/TS/default.asp?show=article&id=895 )

Shared courseware, made available by publishers for use in online courses, is not a topic of much conversation in the academic community. Stephen Downes thinks it should be. In this issue, he focuses the Technology Source Spotlight on XanEdu.com, one of the leaders in custom online content development, XanEdu, provides full-text books and articles, ready for publishing in online course packs. As Downes points out, "XanEdu solves one of the problems facing online learning: the capacity to provide articles and resources to online students." However, he also notes that fees are charged to students and paid to publishers, an arrangement that leaves him wondering about where authors stand. For more about the pros and cons of this arrangement, read on. (See http://horizon.unc.edu/TS/default.asp?show=article&id=887 )  


"Microsoft's Own Checkpoint Charlie," By John S. McCright, News and Views, July 11, 2001

That is because Passport is linked with Microsoft's .Net initiative and Windows XP operating system. Anyone wanting to use the instant messaging or telephony features in XP, for instance, will be required to sign up for a Microsoft Passport.

Watchdog groups, such as the Project to Promote Competition and Innovation in the Digital Age (or ProComp), warn that this is a slippery slope. It's possible, they say, that Microsoft could require users of its browser or of services created with .Net servers to have a Passport to visit particular Web sites.


XBRL.org has prepared enhancements to its XBRL for Financial Statements, released earlier this year, and is soliciting public comments on the document. http://www.accountingweb.com/item/51381 


From XMLReport July 11, 2001

XML Research Cutter: XML spreading its wings by Mike Bucken

More than three quarters of more than 250 companies surveyed recently by Cutter Consortium are now using XML, and a quarter of those are using it in a major project, according to the Arlington, Mass.-based researcher.

"Our results show that smaller companies (annual revenues less than US $100 million) are much more likely to use XML in a test project while large companies (annual revenues greater than US $1 billion) are more likely to use XML in a major project," says Cutter Consortium Senior Consultant Paul Harmon. "We also found North American and Asian companies were more likely to move faster, while European companies are more likely to study the new technology longer."

On the more realistic side, Harmon said, "XML is still more promise than reality" for many companies. "The interesting thing is that it is as widely used and accepted as it is--and it's about to become much more useful as new extensions and languages become available in the course of this year."

For more on Research, go to: http://www.adtmag.com/section.asp?section=tools







 

As I faced backed up email messages that took me all week to process, you can't imagine how much I dreamed of resigning from adulthood.

 

Forwarded by Dr. Wolff

 

RESIGNATION

I am hereby officially tendering my resignation as an adult. I have decided I would like to accept the responsibilities of an 8 year-old again.

I want to go to McDonald's and think that it's a four star restaurant.

I want to sail sticks across a fresh mud puddle and make a sidewalk with rocks.

I want to think M&Ms are better than money because you can eat them.

I want to lie under a big oak tree and run a lemonade stand with my friends on a hot summer's day.

I want to return to a time when life was simple; When all you knew were colors, multiplication tables, and nursery rhymes, but that didn't bother you, because you didn't know what you didn't know and you didn't care.

All you knew was to be happy because you were blissfully unaware of all the things that should make you worried or upset.

I want to think the world is fair. That everyone is honest and good.

I want to believe that anything is possible. I want to be oblivious to the complexities of life and be overly excited by the little things again.

I want to live simple again. I don't want my day to consist of computer crashes, mountains of paperwork, depressing news, how to survive more days in the month than there is money in the bank, doctor bills, gossip, illness, and loss of loved ones.

I want to believe in the power of smiles, hugs, a kind word, truth, justice, peace, dreams, the imagination, mankind, and making angels in the snow.

So . . . here's my checkbook and my car-keys, my credit card bills and my 401K statements. I am officially resigning from adulthood.

And if you want to discuss this further, you'll have to catch me first, cause........ ......"Tag! You're it."

Pass this to someone and brighten their day by helping them remember the Simple things in Life. ((((((((((((((HUGS))))))))))))))

Hope Ya'll join me !

PS.  To this list we might add the freedom from hormones that got us into all this adulthood trouble.


Newspaper clippings forwarded by Dr. Digiovanni

 

FREE YORKSHIRE TERRIER.

8 YEARS OLD. HATEFUL LITTLE DOG.

----------------------------------

FREE PUPPIES:

1/2 COCKER SPANIEL

1/2 SNEAKY NEIGHBOR'S DOG

------------------------------

FREE PUPPIES... PART GERMAN SHEPHERD

PART STUPID DOG

------------------------------

GERMAN SHEPHERD 85 lbs.

NEUTERED. SPEAKS GERMAN. FREE.

-------------------------------------

FOUND: DIRTY WHITE DOG.

LOOKS LIKE A RAT...

BEEN OUT AWHILE.

BETTER BE REWARD.

-----------------------------------

1 ! MAN, 7 WOMAN HOT TUB -- $850/offer

----------------------------

SNOW BLOWER FOR SALE...

ONLY USED ON SNOWY DAYS.

-------------------------------

TICKLE ME ELMO, STILL IN BOX, COMES WITH ITS

OWN 1988 MUSTANG, 5L, AUTO,

EXCELLENT CONDITION $6800

------------------------------

COWS, CALVES NEVER BRED...

ALSO 1 GAY BULL FOR SALE.

-----------------------------------

NORDIC TRACK $300

HARDLY USED, CALL CHUBBY

-------------------------------------

BILL'S SEPTIC CLEANING

"WE HAUL AMERICAN MADE PRODUCTS"

-------------------------------------

HUMMELS - LARGEST SELECTION EVER

"IF IT'S IN STOCK, WE HAVE IT!"

----------------------------------------

HARRISBURG POSTAL EMPLOYEES GUN CLUB

-----------! ------------------------------

GEORGIA PEACHES

CALIFORNIA GROWN - 89 cents lb.

-----------------------------------------

NICE PARACHUTE:

NEVER OPENED - USED ONCE

-------------------------------------------

TIRED OF WORKING FOR ONLY $9.75 PER HOUR?

WE OFFER PROFIT SHARING AND FLEXIBLE HOURS.

STARTING PAY: $7 -- $9 PER HOUR.

---------------------------------------------

EXERCISE EQUIPMENT:

QUEEN SIZE MATTRESS & BOX SPRINGS - $175.

--------------------------------------------

OUR SOFA SEATS THE WHOLE MOB

AND IT'S MADE OF 100% ITALIAN LEATHER.

-----------------------------------------------

JOINING NUDIST COLONY!

MUST SELL WASHER & DRYER $300.

----------------------------------------------

&nbs! p;LAWYER SAYS CLIENT IS NOT THAT GUILTY.

-------------------------------------------

ALZHEIMER'S CENTER PREPARES

FOR AN AFFAIR TO REMEMBER

--------------------------------------------

OPEN HOUSE

BODY SHAPERS TONING SALON

FREE COFFEE & DONUTS

---------------------------------------

(AND THE BEST ONE...)

FOR SALE BY OWNER

Complete set of Encyclopedia Britannica. 45 volumes. Excellent condition. $1,000.00 or best offer. No longer needed. Got married last weekend. Wife knows everything.

 

 


Forwarded by Dick Haar

 

An ambitious yuppie finally decided to take a vacation. He booked himself on a Caribbean cruise and proceeded to have the time of his life...until the boat sank!

The man found himself swept up on the shore of an island with no other people, no supplies... Nothing. Only bananas and coconuts.After about four months, he is lying on the beach one day when the most gorgeous woman he has ever seen rows up to him. In disbelief he asks her: "Where did you come from? How did you get here?"

"I rowed from the other side of the island," she says. "I landed here when my cruise ship sank."

"Amazing," he says. "You were really lucky to have a rowboat wash up with you."

"Oh, this?" replies the woman. "I made the rowboat out of raw material that I found on the island; the oars were whittled from gum tree branches; I wove the bottom from palm branches; and the sides and stern came from a eucalyptus tree."

"But-but, that's impossible," stutters the man. "You had no tools or hardware. How did you manage?"

"Oh, that was no problem," replies the woman. "On the south side of the island, there is a very unusual strata of alluvial rock exposed. I found that if I fired it to a certain temperature in my kiln, it melted into forgeable ductile iron. I used that for tools and used the tools to make the hardware.

The guy is stunned.

"Let's row over to my place, " she says.

After a few minutes of rowing, she docks the boat at a small wharf. As the man looks onto shore, he nearly falls out of the boat. Before him is a stone walk leading to an exquisite bungalow painted in blue and white. While the woman ties up the rowboat with an expertly woven hemp rope, the man can only stare ahead, dumb-struck.

As they walk into the house, her beautiful breasts bouncing with each step, she says casually, "It's not much, but I call it home. Sit down please; would you like to have a drink?"

"No thank you," he says, still dazed. "Can't take any more coconut juice."

"It's not coconut juice," the woman replies. "I have a still. How about a Pina Colada?"

Trying to hide his continued amazement, the man accepts, and they sit Down on her couch to talk. After they have exchanged their stories, the woman announces, "I'm going to slip into something more comfortable. Would you like to take a shower and shave? There is a razor upstairs in the cabinet in the bathroom."

No longer questioning anything, the man goes into the bathroom. There, in the cabinet, is a razor made from a bone handle. Two shells honed to a hollow ground edge are fastened onto its end, inside of a swivel mechanism. "This woman is amazing," he muses." What next?"

When he returns, she greets him wearing nothing but vines and a shell necklace-strategically positioned-and smelling faintly of gardenias. She beckons for him to sit down next to her. "Tell me," she begins suggestively, slithering closer to him, "we've been out here for a very long time. You've been lonely. I've been lonely. There's something I'm sure you really feel like doing right about now, something you've been longing for all these months? You know...."

She stares into his eyes.

He can't believe what he's hearing. His heart begins to pound. He's truly in luck!

"You mean...", he gasps, "...I can actually check my e-mail from here?"


And that's the way it was on July 13, 2001 with a little help from my friends.

 

In March 2000, Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting

 

How stuff works --- http://www.howstuffworks.com/ 

 

Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu  

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